ONS | Jobs market stable despite Brexit turmoil

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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Employment | Jobs market boom despite political uncertainty

Whilst this may suggest that the UK’s market may be buoyant enough not to feel the effects of Brexit too strongly, it’s worth noting that previous estimates were based on an exit date of October 31^st – a deadline that has now passed.

“The UK labour market has shown incredible resilience in the face of uncertainty and political turmoil. This year has seen record numbers of people in work and there are big opportunities out there,” said Neil Carberry, CEO at the Recruitment & Employment Confederation (REC).