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The employment rate for those aged from 16 to 64 between January and March 2013 was up by +0.8% from a year ago, according to official figures released today. However, the rate of employment at 71.4%, was down by -0.2% from October to December 2012. There were 29.71 million people in employment aged 16 and over , up 434,000 from a year earlier, but down by 43,000 from October to December 2012.
The unemployment rate was 7.8% of the economically active population, up by +0.1 % from October to December 2012 but down by -0.4% from a year earlier. There were 2.52 million unemployed people for the period, up 15,000 from October to December 2012 but down 92,000 from a year earlier.
The inactivity rate for those aged from 16 to 64 was 22.4%, up by +0.1% from October to December 2012 but down by -0.6% from a year earlier. There were 9.00 million economically inactive people aged from 16 to 64, up 47,000 from October to December 2012 but down 212,000 from a year earlier.
Total pay rose by +0.4% compared with January to March 2012; the growth rate has not been lower since March to May 2009. Regular pay rose by +0.8% over the same period, the lowest growth rate since comparable records began in 2001.
Commenting on the figures the Recruitment and Employment Confederation’s Head of Policy Kate Shoesmith said:
“Recruiters are telling us that they are seeing employer confidence returning, illustrated for instance by the hiring process starting to speed up and decisions about taking people on being made more quickly. We remain optimistic that there will be growth in the jobs market in 2013.
“The emerging challenge that we have is that those people who are out of work, especially the long-term unemployed, don’t have the skills and experience necessary to take advantage of the jobs that are available
To read the full report from the ONS, click here.
To accompany this morning's new release of labour market estimates ONS has available a short video on its YouTube channel at the following link http://youtu.be/uLY70BOeKtM