Labour Market Statistics - September 2023

12 September 2023

Minister for Employment’s statement in response to today’s ONS labour market statistics.

Minister for Employment, Guy Opperman MP said:

“This Government’s record on employment is clear; there are one million fewer workless households than in 2010 and the number of people on company payrolls is a near record high. But we are not complacent about the challenges we face, which is why we remain focused on removing barriers to help people find and succeed in work.

“Our £3.5 billion package to deliver more tailored job support combined with our expanded childcare offer will help unlock individuals’ potential and grow the economy.”

Background:

  • Since 2010 the number of people in work has increased by over 3.8m while unemployment has fallen by more than a million over the same period.
  • The number of workless households has fallen by over one million since 2010.
  • Economic inactivity has fallen by 231,000 on the year. The rate of inactivity is 2.7% below the G7 average, lower than the US, France, and Italy. 
  • We are doing more to get people working through our £3.5bn package to boost workforce participation and grow the economy, including £2bn of targeted support for people with long-term illnesses and disabilities.
  • Last week the government announced the launch of a consultation on changes to the Work Capability Assessment to help people maximise their potential and ensure every who can benefits from the opportunities work can bring, both for their finances and personal health.
  • We know people face a range of barriers to entering work which is why we have also increased the childcare costs parents on Universal Credit can claim back by around 50%, up to £950 a month for a single child and £1,629 for two children.