[UK] Labour Market Statistics time series (LMS) from the Office of National Statistics

The Office for National Statistics (ONS) has responsibility for collecting, analysing and disseminating statistics about the UK's economy, society and population.  On the 12th of November 2019, the ONS released its quarterly Labour Market Statistics showing that the employment rate had increased to 76%.  This is for the 3 month period to September 2019, seasonally adjusted for workers between 16 and 64. 

However, this is actually a decrease of nearly 23,000 for the quarter May to July 2019.  So, the number of people in employment has increased but the number of people in work has also decreased.

Another set of figures shows that the rate of pay growth has trended upwards since March to May 2017, reaching 3.9% in May to July 2019, the highest nominal pay growth rate since 2008. However, in July to September 2019, growth dropped to 3.6% for both total pay and regular pay.

The Office for National Statistics (ONS) has responsibility for collecting, analysing and disseminating statistics about the UK's economy, society and population.  On the 12th of November 2019, the ONS released its quarterly Labour Market Statistics showing that the employment rate had increased to 76%.  This is for the 3 month period to September 2019, seasonally adjusted for workers between 16 and 64. 

However, this is actually a decrease of nearly 23,000 for the quarter May to July 2019.  So, the number of people in employment has increased but the number of people in work has also decreased.

Another set of figures shows that the rate of pay growth has trended upwards since March to May 2017, reaching 3.9% in May to July 2019, the highest nominal pay growth rate since 2008. However, in July to September 2019, growth dropped to 3.6% for both total pay and regular pay.