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19/6/2021  
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EMPLOYMENT
Office of National Statistics

UK employment holds at high level in second quarter


Employment held steady at a high level in the second quarter, the Office of National Statistics reported on Wednesday. There were 31.03 million people in work, 63,000 fewer than for January to March 2015 but 354,000 more than for a year earlier, the report said.
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The unemployment rate held at 5.6 percent, unchanged from the previous quarter, but down from 6.3 percent for the same period in the previous year.

The report said that 73.4 percent of people aged from 16 to 64 were in work for April to June 2015. This was close to the record high of 73.5 percent recorded for January to March 2015, higher than for a year earlier (72.8 percent), and higher than the pre-downturn peak recorded for early 2008 of 73.0 percent.

"It’s ten quarters of growth and counting for the U.K. economy: Expansion of 0.7 percent in the second quarter means we’re in the midst of our third-longest growth spell since 1955," according to Royal Bank of Scotland economists´ note published on July 30.

However, wage rises slowed; total pay for employees in Great Britain increased by 2.4 percent in the second quarter, lower than the growth rate between March to May 2014 and March to May 2015 (3.2%), the report said. Bonuses were down in June, and that hurt wage rise totals, according to the report.

However, the Bank of England, in its inflation report on August 6, revised up its forecasts for wage growth to 3 percent this year, from 2.5 percent in May.

Other issues Employment
Coronavirus exposes danger of cuts to sick pay for Europe´s workers since the financial crisis
Euro area unemployment at 7.9%
Record number of people in employment in the EU
More than 1 in 5 self-employed in the EU had seized a suitable opportunity to run their own business
Euro area job vacancy rate at 2.1%
Annual growth in labour costs at 2.2% in euro area
Employment up by 0.4% in both the euro area and the EU28
European Parliament vote in favour the legal framework for the European Solidarity Corp
Employment Social review confirms positive trends but highlights needs for skills and and inclusion
New EU rules ensure better protection for 120 million holidaymakers this summer

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