The Office for National Statistics (ONS) has released its Labour Market Statistics for March 2015. These compare the labour market estimates for the three months ending January 2015 with those for August to October 2014.

The statistics show that, once again, employment continued to rise and unemployment continued to fall. These changes maintain the general direction of movement since late 2011/early 2012.

The key finding of the report is that the employment rate is now at 73.3% – the highest since comparable records begain in 1971. There were 30.94 million people aged 16-64 in work, 143,000 more than for August to October 2014 and 617,000 more than for a year earlier.

Alongside this rise in employment, the unemployment rate (the proportion of the economically active population who were unemployed), has fallen once again to 5.7%. This is lower than for August to October 2014 (6.0%) and for a year earlier (7.2%). The economically active population is those in work plus those seeking and available to work.

Other key points of the Labour Market Statistics include:

  • There were 22.64 million people working full-time, 481,000 more than for a year earlier. There were 8.30 million people working part-time, 137,000 more than for a year earlier.
  • There were 1.86 million unemployed people, 102,000 fewer than for August to October 2014 and 479,000 fewer than for a year earlier.
  • There were 9.03 million people aged from 16 to 64 who were out of work and not seeking or available to work (known as economically inactive), 30,000 fewer than for August to October 2014 but 14,000 more than for a year earlier.
  • The proportion of people aged from 16 to 64 who were economically inactive (the inactivity rate) was 22.2%, little changed compared with August to October 2014 and with a year earlier.
  • Comparing the three months ending January 2015 with a year earlier, pay for employees in Great Britain increased by 1.8% including bonuses and by 1.6% excluding bonuses.

For the full data, visit the ONS website here.