HMRC’s new powers to tackle electronic sales suppression
The HMRC has issued advice about the new powers and penalties under the Finance Act 2022 to tackle electronic sales...READ MORE
UK employment rate has hit a joint record high of 76.1 per cent as the number of women in the workplace rises to 51 per cent.
The UK jobs market remains resilient, as new statistics show the number of people in work is at a record high of 32.8 million, a rise of over 3.7 million since 2010.
New figures from the Office for National Statistics also show the UK workforce is more gender diverse than ever before, with the number of women climbing to a new record high and ethnic minority employment rate also hitting new heights, now making up 51 per cent and 32 per cent of employment growth, respectively, since 2010.
“More people in work than ever before means more households across the UK are earning a regular income, and millions more receiving a pay boost thanks to wages rising at their fastest in a decade,” said the minister for women and equalities, Amber Rudd.
“This week many young people will receive their A level results and begin their career journey. They should know that they are entering a workforce that is flourishing and full of opportunity, and I hope all young people, especially women, feel empowered to flourish in every role in every sector.”
According to the statistics, sectors such as manufacturing and construction are experiencing the big increase in number of jobs, with 85,000 more people employed in the last year.
Wages are also on the up this month, outstripping inflation for a 17th month, boosting consumer confidence and spending power for millions — with real-term total wage growth hitting 1.8 per cent.
Meanwhile, UK unemployment rate remains steady at 3.9 per cent, as the number of unemployed people continues to fall in every region of the UK since 2010.
The statistics also show the number of disabled people in work increasing by 1.15 million in the last six years and an increase of 246,000 disabled people in employment in the last year.