Labour Market Statistics: September 2023

Josh Knight | Read time: 1 minute

The ONS have released the latest Labour Market Overview covering the months of May 2023 – July 2023.

What does this mean for Youth Employment?

The latest labour market overview from the Office for National Statistics shows that the youth employment rate has increased by 0.4 percentage points to 12.7%, nearly three times the all-age rate, with 526,000 16-24-year-olds unemployed (including students).

Headlines for young people aged 16-24

In work:

Employment rate Employment Level
52.6% (↓1.7%) 3,610,000 (↓115,000)

Unemployment:

Unemployment rate Unemployment Level
12.7% (↑0.4%) 526,000 (↑2,000)

Economically inactive:

Economic Inactivity Rate Economic Inactivity Level
39.7% (↑1.7%) 2,719,000 (↑118,000)

Education:

In full-time education Not in full-time education
3,169,000 (↑33,500) 3,686,500 (↓28,000)

Worklessness:

Not in full-time education or employment
1,062,000 (↑64,500)
Economically inactive 

(not in full-time education)

 Unemployed
(not in full-time education)
  692,000 370,000

Headlines for all ages

In work:

Employment rate Employment Level
75.5% (↓0.2) 16-64 32,882,000(↓47,000)

Unemployment:

Unemployment rate Unemployment Level
4.3% (↑0.1%) 1,465,000 (↑25,500)

Economically inactive:

Economically inactive rate Economically inactive level
21.1% (↑0.1)16-64 8,780,000 (↑88,000) 16-64

 

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