Labour Research January 2018


Unemployment continues to fall

Unemployment has once again fallen, but the pace slowed in October.

The number of unemployed people fell by 26,000 to 1.43 million in the three-month period ending October 2017, according to the Office for National Statistics. 

The fall in numbers was not enough to cut the unemployment rate which remained at 4.3%.

Most of the fall was accounted for by women, whose numbers were down by 21,000 to 647,000, enough to cut their unemployment rate to 4.1% from 4.2%

Meanwhile, the number of jobless men fell by just 5,000 to 783,000, leaving their unemployment rate unchanged at 4.4%.

On the other accepted unemployment measure — the claimant count — numbers increased by 5,900 to 817,500 in November. This count only includes claimants receiving Jobseeker’s Allowance and those on the means-tested Universal Credit.

The increase in numbers, however, was not enough to affect the joblessness rate which remained at 2.3%.

The numbers of women claimants increased by 4,100 to 310,800 and that pushed their joblessness rate up to 1.9% from 1.8% in October.

The number of male claimants increased by 1,900 to 506,700, but their joblessness rate remained steady at 2.7%.