Home » Knowledge Hub » Talent Acquisition » Booming UK jobs market unaffected by EU exit
Booming UK jobs market unaffected by EU exit
10 March 2020 Talent Acquisition
The UK jobs market continues to thrive, as the first set of employment figures since leaving the EU show the number of people working has reached a new record high.
The figures, from the Office for National Statistics, saw 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.
Overall wage growth is also continuing to outpace inflation for a 23rd month.
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.
Minister for Employment, Mims Davies MP said: “As we embark on a new chapter as an independent nation outside the EU, we do so with a record-breaking jobs market and business confidence on the rise.
“With wages still outpacing inflation, UK workers can expect their money to go further as we look ahead to a decade of renewal. 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.”