Unemployment rate at 11-year low
Unemployment: The unemployment rate remains at 11-year low of 4.8%
Employment: The employment rate is 74.5%; a near-record high
Women: Female employment rate reaches a new record high of 69.9%
Youth unemployment: Youth unemployment is down by over 360,000 since 2010 and the lowest in 11 years
Work: There are 31.8 million people now in work, up by over 2.7 million since 2010
Pay: Average wages excluding bonuses grew by 2.7% over the last year and real pay excluding bonuses grew 1.7% over the year
This good news applies across the country, with the female employment rate hitting a new record high, and the rate of young people not in work or full time education at a record low of 5.3%. There are 294,000 more people in work compared to this time last year.
Unemployment continues to fall; down 52,000 on the quarter and down over 900,000 since 2010, with long-term unemployment the lowest since mid-2008. And a separate set of official statistics released today show that 900,000 claims had been made to Universal Credit up to 8 December, with an average of 13,000 new claims per week in the preceding 4 weeks. Of those on Universal Credit at 8 December, 43% were in work.
We have made real progress creating a strong economy and helping more people into work, and will do what is needed to continue that trajectory as we build a country that works for everyone.