The UK labour market continues to evolve, facing new patterns of economic inactivity alongside shifting employment rates. Data published in the UK's Labour Force Survey in June 2023 outlines these recent trends, as shown in Fig. 1.
Fig. 1 – UK labour market statistics for February to April 2023
| Number (‘000) | Change on previous quarter (‘000) | Change on previous year (‘000) | |
|---|---|---|---|
| Employed | 32 800 | 95 | 210 |
| Unemployed | 1 200 | –15 | –85 |
| Economically Inactive (Aged 16–64) | 8 500 | 22 | 45 |
Source: ONS
Using the data in Fig. 1, calculate the labour market participation rate (the economically active population as a percentage of the total working-age population aged 16–64) for the period February to April 2023.
