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Research: UK labour market: October 2018

The latest estimates from the Office for National Statistic's Labour Force Survey have been released for March to May 2018 and June to August 2018. They reveal that the number of people in work was little changed and the number of unemployed people decreased.

Research: UK labour market: October 2018 1

Key findings

  • There were 32.39 million people in work, little changed compared with March to May 2018 but 289,000 more than for a year earlier.
  • The employment rate (the proportion of people aged from 16 to 64 years who were in work) was 75.5 per cent, lower than for March to May 2018 (75.7 per cent) but higher than for a year earlier (75.1 per cent).
  • Latest estimates show that average weekly earnings in nominal terms (not adjusted for price inflation) increased by 3.1 per cent excluding bonuses, and by 2.7 per cent including bonuses, compared with a year earlier.
  • Average weekly earnings in real terms (adjusted for price inflation) increased by 0.7 per cent excluding bonuses, and by 0.4 per cent including bonuses, compared with a year earlier.