Article 3AK92 Fall in employment rate spells end of UK jobs boom

Fall in employment rate spells end of UK jobs boom

by
Larry Elliott Economics editor
from Economics | The Guardian on (#3AK92)

Official figures reveal drop in number of people in work and pay rises lagging behind inflation

Britain's long jobs boom appears to have come to an end after official figures showed the number of people in work fell by 56,000 in the three months ending in October.

The Office for National Statistics said an upswing that began in 2012, and persisted for a year after the vote to leave the EU, had petered out.

The International Labour Organisation (ILO) jobless rate is a measure of unemployment adopted in a number of countries to reflect the state of the labour market. It is expressed in percentage terms, as a proportion of working-age people who are out of work but want a job and are actively looking for one.

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