Labour market | ONS data shows unemployment drop to 4.8%

The latest data from the Office for National Statistics (ONS) has indicated that there may be signs of recovery following the global pandemic, with UK job vacancies hitting their highest level since the start of the crisis.

ONS shared that from January to March 2021 estimates show a quarterly decrease in the unemployment rate. It stated that employment was 75.2%, unemployment was 4.8% and economic activity was 21.0%.

Headline indicators for the UK labour market for January to March 2021 show

▪️ employment was 75.2%
▪️ unemployment was 4.8%
▪️ economic inactivity was 21.0%

➡️https://t.co/1v8pKpeyNP pic.twitter.com/I7ZQiVDlxv

— Office for National Statistics (ONS) (@ONS) May 18, 2021

According to The Guardian, the number of adults looking for work fell to 1.6million in the three months to March, compared with 1.7million in the three months to February.