The latest UK labour market figures from the Office for National Statistics show the number of people on company payrolls is at a record high of over 30 million.
The labour market figures show – an increase in the employment rate to 76.0% – a decrease in the unemployment rate this month to 3.8%
Minister for Employment Guy Opperman welcomes figures showing a record number of people in work:
Total actual weekly hours worked were 1.059 billion in February to April, up 15.8 million on the previous 3 months. This is the first time they have been above pre COVID19 levels.
After taking inflation into account, average pay including bonuses fell by 2.0% in the year to February to April, or 1.3% excluding bonuses.
PAYadvice.UK 13/6/2023