January’s edition of the Office for National Statistics’ Market Reports shows an optimistic trend for the UK jobs market, with an employment rate estimated at a record high of 76.3%, or 0.6% higher than the previous year and 0.5% up on the previous quarter.
Despite seeing a period of slow stagnation earlier in the year, the report, which identifies employment rates from 1971 (when the office was founded) to December of 2019, showed a steady and positive upward trend as the year came to a close. Estimated employment rates for people aged between 16 and 64-years-old have generally been increasing since early 2012 but levelled off before prior to Q4.
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