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February 2018

The labour market figures published on 21 February do not provide a clear-cut message as to where the labour market is heading.

  • Unemployment is 1,470,000, rose by 31,000 from last month’s published figure (quarterly headline rose by 46,000) and the unemployment rate is 4.4%, up 0.1 percentage points on last month and up 0.1 percentage points on last quarter.
  • The number of claimant unemployed is 823,000, down 7,200 on last month, and the claimant rate is 2.3%.
  • The number of workless young people (not in employment, full-time education or training) is 1,003,000, up 22,000 on the quarter, representing 14.2% of the youth population (up 0.4 percentage points).
  • Youth unemployment (including students) is 547,000, up 30,000 on the quarter.
  • There are 1.8 unemployed people per vacancy. Learning and Work Institute estimates this figure may be unchanged next month.
  • The employment rate is 75.2% (down 0.1 percentage points on last month’s published figure and up 0.2 percentage points in the preferred quarterly measure).

Download the full analysis for February 2018.


Chart 1: UK unemployment (ILO)

The latest unemployment figure is 1,470,000. It has risen by 31,000 from the figure published last month. On the basis of later claimant count figures, Learning and Work Institute estimates that unemployment may flatten, although this remains highly uncertain. The unemployment rate rose by 0.1 percentage points to 4.4%.

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Chart 2: Percentage unemployed not claiming Universal Credit or JSA

The proportion of unemployed people not claiming Universal Credit or Jobseeker’s Allowance has fallen to 36.6%; (517,000).

 

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Chart 3: Youth long-term unemployment (six months and over, 18-24)

Youth long-term unemployment (which can include students) has fallen by 5,000 from last month’s figure and is now 139,000.

The youth long-term Jobseeker’s Allowance count (but not UC) remains far behind, at 19,600. The count fell by 700 this month.

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Chart 4: Adult long-term unemployment (12 months and over, 25+)

Adult long-term unemployment on the survey measure is now 289,000. The Jobseeker’s Allowance measure is 146,700.

 

 

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