UK unemployment rate 5.4% in Q2


The trends in the employment and unemployment rates are falling. There has been a further fall in the number of people claiming Jobseeker's Allowance benefit.

The trend in the inactivity rate is increasing. The number of job vacancies has increased. Growth in average earnings, both excluding and including bonuses, has increased.

The employment rate for people of working age was 74.4 per cent for the three months ending in July 2007, up 0.1 from the previous quarter but down 0.2 over the year.

The number of people in employment for the three months ending in July 2007 was 29.10 million, the highest figure since comparable records began in 1971. This is up 84,000 over the quarter and up 132,000 over the year. Total hours worked per week were 932.1 million, up 6.2 million over the quarter and up 5.9 million over the year.

The number of jobs in June 2007 was 31.69 million, up 87,000 over the quarter and up 280,000 over the year. This is the highest figure since comparable records began in 1959.

The unemployment rate was 5.4 per cent, down 0.1 from the previous quarter and down 0.2 over the year. The number of unemployed people fell by 28,000 over the quarter and by 53,000 over the year, to reach 1.65 million.

The claimant count was 852,900 in August 2007, down 4,200 over the previous month and down 100,400 over the year. The claimant count has now fallen for eleven consecutive months.

The inactivity rate for people of working age was 21.2 per cent for the three months ending in July 2007, virtually unchanged on the quarter but up 0.3 over the year. The number of economically inactive people of working age fell by 1,000 over the quarter but rose by 156,000 over the year to reach 7.95 million.

The annual rate of growth in average earnings (the AEI) excluding bonuses was 3.5 per cent in July 2007, up 0.1 from the previous month. Including bonuses it was also 3.5 per cent, up 0.1 from the previous month.

There were 662,700 job vacancies for the three months to August 2007. This is the highest figure since records began in 2001 and is up 20,300 over the previous quarter and up 64,600 over the year.

The redundancy rate for the three months to July 2007 was 4.8 per 1,000 employees. This is equal to the lowest figure since comparable records began in 1995 and is down 0.3 over the quarter and down 0.8 over the year.


National Statistical Agency
9/12/2007 6:26:14 AM