Employment rate reaches joint record high

people walking to work employment
Image provided by Shutterstock

UK employment rate has reached a joint record high, according to the Office of National Statistics (ONS).

The employment rate currently stands at 75.3 per cent – up from 74.6 per cent in 2017. The current rate is the joint highest since records began.

ONS figures show that 402,000 more people moved into employment last year. The unemployment rate has not been lower since 1975, and the number of people out of work is down by 127,000 compared to a year ago.

Female employment is also at a record high of 70.9 per cent, with over 15 million women in work – a rise of 234,000 on the year.

The government is also implementing further ways to help people benefit from working. In April this year, the National Living Wage is set to increase from £7.50 an hour, to £7.83, equating to a £600 annual pay rise for full-time workers on basic pay.

Also in April, the amount of money people can earn before they start paying income tax will rise.

Secretary of State for Work and Pensions, Esther McVey said, “Getting a job means securing an income for a family and the chance to build a better future.”

“That’s why up and down the country we are doing all we can to help people into work.”

“And from next month, we’ll be taking thousands more people out of paying tax and also increasing the National Living Wage, benefiting those on the lowest pay and making sure they keep more of what they earn.”

“In fact by raising the National Living Wage we have ensured that the lowest earners have seen their wages grow by almost seven per cent above inflation since 2015.”

WeAreTheCity logo
Generic selectors
Exact matches only
Search in title
Search in content
Filter by Categories
#Vote100 Events
#Vote100 Guides
#Vote100 Inspirational Women
#Vote100 News
16 Days Inspirational Women
16 Days of Activism
16 Days Resources
A New Normal
Amazon Insights
Applying for Jobs
Ask Esther
Awards News
BAE Company Insights
BAE News
Baringa Insights
Baringa News
Baringa Profiles
Behind The Cover
BGC Company Insights
BGC News
Black History Month
Black History Month - Inspirational Profiles
Black History Month - Resources
Black History Month Events
Bloomberg Company Insights
Bloomberg News
Bloomberg Profiles
BNY Mellon Events
BNY Mellon Insights
BNY Mellon News
BP Company Insights
Business & Social Etiquette Blog
Business News
Business Schools
Business Schools & Universities
Business Traveller Blog
CA Technologies Insights
CA Technologies News
CAPCO Insights
Capgemini Insights
Capgemini News
Capgemini Profiles
Career Development
Careers Advice
Careers for women
City Eats
City Eye Blog
Company Insights
Competitions & Offers
Current Affairs
Current Affairs for Women
CV/ Resume
Deborah - The How, What and Why of Dating
Deloitte Insights
Diversity & Inclusion
Diversity Awards
Diversity Reports
Equal Pay Day
Events News
EY Insights
EY News
FDM Group Company Insights
FDM Group Returners
Featured Box
Featuring on WATC
Film, TV & Music
Fitness Whisperer Blog
Flexible working
Fujitsu Company Insights
Fujitsu News
Future Leaders Blog
G Research Profile
Gender News
Gender Reports
Get involved
Giving Back
Gordon Fraser Blog
Health and Fitness
IBM Company Insights
If Life Throws You Lemons
Inspirational Charity Women
Inspirational Corporate Women
Inspirational Female Campaigners
Inspirational Female Entrepreneurs
Inspirational Network Leaders
Inspirational Profiles
Inspirational Women in Sport
Inspirational women in tech
Inspirational Women in the Public Sector
Inspirational women in TV and Media
International Men's Day
International Men's Day Events
International Men's Day Resources
International Women's Day
International Women's Day Events
International Women's Day News
Interview Tips
Investing in Women
Julie Dennis - Fitness/Health Blog
Kick Start Your Body
Kick Start Your Career
Kick Start Your Health
Kick Start Your Year
Knitivity 2014
Knitivity 2015
KPMG Insights
Latest on WATC
Life in Numbers Blog - Amanda Redman
Life of a Lady Blog
Lifestyle & Wellbeing
Lindsay Taylor - Wise words indeed Blog
Lloyd's Insights
Lloyds Banking Group Insights
Lloyds Banking Group News
Lloyds Banking Group Profiles
Love your skin & body Blog
Lynx In The City Blog
Maiden Voyage Travel Blog
Marcello M - Dating Blog
Marcello NEW
Mastering Your Mind Blog - Anna Margolis
Maybe No Baby Blog - Katherine Baldwin
Meet the team
Meet the Team India
Meet the Team UK
Members Clubs
Men Uncovered Blog
Menopause Awareness Inspirational Profiles
Menopause Awareness Month
Menopause Awareness Month Books
Menopause Awareness Month Events
Menopause Awareness Month Resources
Mizuho Company Insights
Mizuho News
Morgan Stanley - Rising stars
Morgan Stanley Insights
Morgan Stanley News
Naomi White Talks Politics Blog
Networking Advice
Networking Groups
Networking skills & personal brand
New Articles
News Archive
Oliver Wyman Company Insights
Oliver Wyman News
Open Returnships
PA & Admin Training
PA Consulting Insights
Past Events
Personal Development
Plate spinner - The Abigail Nash Blog
Previous Returnships
Previous WATC Events
Pride Month
Pride Month - Events
Pride Month - Inspirational Profiles
Pride Month - Resources
Professional development
PwC Insights
PwC News
PwC Profiles
Recommended Books
Recommended Events
remote working
Reshape Coach Blog
Return to Work
Returning to work
Rising Star Awards
Rising Star Shortlist
Rising Stars EAs and PAs
Rising Stars in Banking
Rising Stars in Consultancy
Rising Stars in HR & Recruitment
Rising Stars in Insurance
Rising Stars in Investment Management
Rising Stars in Law
Rising Stars in Media
Rising Stars in Sport
Rising Stars in Technology
Rising Stars Top 5 EAs and PAs
Rising Stars Top 5 in Banking
Rising Stars Top 5 in Consultancy
Rising Stars Top 5 in HR & Recruitment
Rising Stars Top 5 in Insurance
Rising Stars Top 5 in Investment Management
Rising Stars Top 5 in Law
Rising Stars Top 5 in Media
Rising Stars Top 5 in Sport
Rising Stars Top 5 in Technology
SAP Company Insights
SAP News
Show Up & Sparkle Blog
Sky Insights
Sky News
Social Media
Societe Generale - Rising Stars
Societe Generale Insights
Societe Generale News
Sonia Talks Business Blog
Style & Beauty
Style the City - Fashion blog
Superstar Communicator Blog
Technology & Gadgets
Technology Reports
The Wellbeing of Happiness - Lifestyle & Wellbeing blog
Theatre & the Arts
Thomson Reuters Insights
Thomson Reuters News
ThoughtWorks Company Insights
ThoughtWorks News
Vacancies at Baringa
Vacancies at BNY Mellon
Vacancies at Cap Gemini
Vacancies at CGI
Vacancies at Lloyds
Vacancies at Morgan Stanley
Vacancies at PwC
Vacancies at Societe Generale
Vacancies at Thomson Reuters
Vacancies at Worldpay
Vacancies at Xchanging
Vacancy of the week
Voice at the Table
WATC events
We are Thespians Blog - Jennifer Reischel
WeAreTechnology - Main Features
WeAreTechWomen - Main Features
WeAreTechWomen News
WeAreTheCity Events and Conferences
What Happened Next - Rising Stars
What happened next - TechWomen100
What impacts working women
Women Awards
women in business
Work-Life Balance
Workplace Discrimination Help
Workplace Wonders Blog
WorldPay Insights
Xchanging Insights
Your City
Your Guide To...







About the author

Alison is the Digital Content Editor for WeAreTheCity. She has a BA Honours degree in Journalism and History from the University of Portsmouth. She has previously worked in the marketing sector and in a copywriting role. Alison’s other passions and hobbies include writing, blogging and travelling.

Related Posts