The Office for National Statistics has released its latest Regional Labour Market Statistics report, which analysed the state of the employment market for the last quarter, and found that whilst the uncertainty of the UK’s exit from the EU still looms over the labour market, its effects are not making a marked impact on its stability.
The employment rate estimate for people between the ages of 16 and 64-years-old within the UK for the period of July to September 2019 was 76%; this represents a decrease of just 0.1 percentage points compared to the previous period of April to June 2019. Whilst this number has indeed decreased, many analysts predicted that the imminent Brexit implications would have a far more severe effect on UK employment rates.
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