Labour Market Statistics Confirm Increase in Self Employment

The UK Labour Market statistics released today by the Office for National Statistics show that 4.8 million people were self-employed between March and May 2017. This is 14,000 more than a year earlier.

Other headlines include the highest employment since comparable records began in 1971, with 74.9% of people aged from 16 to 64 in work.

From March to May 2017 there were 32.01 million people in work, which is 175,000 more than in December 2016.

This increase is partly driven by the increase in the pension age for women, which has resulted in fewer women retiring between the ages of 60 and 65.

The report also shows decreasing Public sector employment, with 7,000 fewer people employed in the Public sector than December 2016 and 20,000 fewer than a year earlier. This continues a downward trend in Public sector employment, which has been generally falling since December 2009.

To read the full report please click here.

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