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In Q3 2016, there were 28.39 million UK nationals aged 16 and over employed in the UK, up 213,000 on a year ago. 74.9% of all UK nationals aged 16–64 were in employment. The number of non-UK nationals working in the UK has also increased in the past year by 241,000 to 3.49 million. 72.8% of non-UK nationals aged 16–64 living in the UK were ...
Official figures showed a record 356,000 increase in payrolled workers between May and June – the seventh monthly rise in a row.
Official figures also revealed wages continuing to lag behind rocketing inflation despite the biggest hike in earnings for more than 20 years.
The ONS said the jobless rate jumped to 4.2% in the three months to February, up from 3.9% in the three months to January.
However, the labour market differs from other markets (like the markets for goods or the financial market) in several ways. In particular, the labour market may act as a non-clearing market. While according to neoclassical theory most markets quickly attain a point of equilibrium without excess supply or demand, this may not be true of the ...
This is a list of recessions (and depressions) that have affected the economy of the United Kingdom and its predecessor states. In the United Kingdom a recession is generally defined as two successive quarters of negative economic growth, as measured by the seasonally adjusted quarter-on-quarter figures for real GDP. Name Dates Duration Real GDP reduction Causes Other data Great Slump c. 1430 ...
The Office for National Statistics said the number of UK payrolled workers jumped by a record 184,000 between November and December to 29.5 million.
Working time in the United Kingdom is regulated in UK labour law in respect of holidays, daily breaks, night work and the maximum working day under the Working Time Regulations 1998. While the traditional mechanisms for ensuring a "fair day's wage for a fair day's work" is by collective agreement , since 1962 the UK created minimum statutory ...