According to the report from Office for National Statistics, from March to May the UK employment rate was estimated at 76.0%, higher than a year earlier (75.6%); on the quarter, the rate was 0.1 percentage points lower, the first quarterly decrease since June to August 2018.
The UK unemployment rate was estimated at 3.8%; it has not been lower since October to December 1974. For March to May 2019, an estimated 1.29 million people were unemployed, 116,000 fewer than a year earlier and 820,000 fewer than five years earlier. Looking in more detail at this fall of 820,000 unemployed people over the last five years:
people unemployed for up to six months fell by 246,000 to 766,000
people out of work for between 6 and 12 months fell by 160,000 to 187,000
the largest fall was for people unemployed for over one year (down 414,000 to 340,000)
Estimated annual growth in average weekly earnings for employees in Great Britain increased from 3.2% to 3.4% for total pay (including bonuses) and from 3.4% to 3.6% for regular pay (excluding bonuses).
In real terms (after adjusting for inflation), total pay is estimated to have increased by 1.4% compared with a year earlier, and regular pay is estimated to have increased by 1.7%.
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