The number of people in jobs in the UK has increased again, resulting in a record high employment rate of 75.3 per cent.
The Department for Work and Pensions released its latest figures, showing that 402,000 more people found jobs in the last 12 months, including many in general manufacturing and engineering roles.
Furthermore, the unemployment rate has dropped to 4.3 per cent, which is the lowest figure since 1975, with the number of people out of work dropping by 127,000 year-on-year.
Esther McVey, secretary of state for work and pensions, said the government is doing “all we can” to boost the number of people in employment.
She noted that as well as having a job, many members of public need additional financial support to provide security for their family.
“From next month, we’ll be taking thousands more people out of paying tax and also increasing the National Living Wage, benefiting those on the lowest pay and making sure they keep more of what they earn,” Ms McVey stated.
From April, the tax allowance will increase from £11,500 to £11,850. This means workers will be able to earn nearly £12,000 tax free, and only pay a levy on anything over this amount.
In addition to this, the National Living Wage given to employees over 25 years of age will increase by 33p an hour to £7.83.
One of the most steady careers to consider is engineering, and earlier this year the government revealed it will invest £184 million in 41 British universities for engineers and scientists in doctoral training partnerships. It hopes this will help create ‘world-class engineers of the future’ for the UK.