76.5%

76.5%

According to the Department for Work and Pensions (DWP), the UK’s employment rate reached a record high at 76.5%.

The UK jobs market continues to boom, as the first set of employment figures since leaving the EU show the number in work has reached a new record high.

The unemployment rate remain at its lowest since 1974, while the number of UK nationals in employment grew by over 2.3 million since 2010 to reach just over 29 million.

The total number in work climbed to just below 33 million, with the employment rate for the period from October to December 2019 reaching a record high at 76.5%.

Overall wage growth is continuing to outpace inflation for a 23rd month, giving British workers a well-earned pay rise. “With wages still outpacing inflation, UK workers can expect their money to go further as we look ahead to a decade of renewal,” Minister for Employment, Mims Davies MP, said. “The upcoming Budget will steer us on that course, further driving our levelling up agenda – so we can all share in the country’s prosperity.”

Employment has risen in every region and nation of the UK since 2010, and in the wake of the government’s newly-announced transport funding, jobseekers and commuters will be better connected to places of opportunity.

The number of ethnic minority workers reached a record high, while there are a further 1.4 million more disabled people in work than in 2013, with more than 16,000 employers signed up to the Disability Confident Scheme.

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Esther Marno is an MIB editor overseeing sections in human resource management and workplace inclusion.