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UK - Employment up again

14 November 2012

There were 29.58 million people in employment aged 16 and over, up over half a million compared to a year earlier and up 100,000 on the period April to June 2012.

Part-time employment increased by 49,000 to 8.1 million, close to a record high, while there were 51,000 more people in full-time jobs, at 21.4 million. 

The unemployment rate was 7.8% of the economically active population, down -0.2 on April to June 2012 and down -0.4 on a year earlier. There were 2.51 million unemployed people, down 49,000 on April to June 2012 and down 110,000 on a year earlier.

Although the latest fall in unemployment was due to a reduction in youth unemployment, the ONS said that the jobless rate among 16 to 24-year-olds was still 963,000. This figure includes 315,000 unemployed young people in full-time education, the ONS said. Unemployment among women fell by 10,000 to 1.09 million, and by 39,000 among men to 1.43 million.

Total pay (including bonuses) rose by 1.8 per cent compared with July to September 2011. Regular pay (excluding bonuses) rose by 1.9 per cent compared with July to September 2011.

Mark Hoban, the Employment Minister, told the BBC: "This is another good set of figures. We've seen the number of people in work increase by 100,000 and youth unemployment is below a million again."

But he insisted that there was "no room for complacency and that much hard work" remained to be done to get people back to work. "There are still some real challenges out there. We still need to tackle... long-term unemployment."

According to the BBC, Howard Archer, chief UK economist at IHS Global Insight, said that the figures suggest "signs of some softening in the labour market's recent impressive resilience".

He said: "The most obvious sign of softening in the labour market came in a 10,100 rise in the number of claimant count unemployed, which was the largest increase for 13 months and followed a small rise of 800 in September.

"Even if employment in the private sector rises modestly rather than falls, it will likely not be enough to offset job cuts in the public sector as well as cater for an increasing labour force."

To read the full report click here.

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