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UK Unemployment Figure Drops By a massive 49,000

Posted by Les Warburton on November 14, 2012 in Human Resources

Whilst the rewards reaped by their colleagues in the banking industry recent  may have been the subject of much speculation, its fair to say that if stats are anything to go by then the staff in the recruitment industry have certainly earnt their bonuses this year! Recent figures released by the office for national statistics indicate that the employment rate for those aged from 16 to 64 for July to September 2012 was 71.2 per cent, up 0.2 from April to June 2012. There were 29.58 million people in employment aged 16 and over, up 100,000 from April to June 2012. Looks like someone must of been doing something right hey?

The finding also highlighted the facts that the UK unemployment rate for July to September 2012 was 7.8% of the economically active population, down 0.2% from April to June 2012. In total there were 2.51 million unemployed people, down a whopping 49,000 from April to June 2012.

The inactivity rate for those aged from 16 to 64 for July to September 2012 was 22.6 per cent, down 0.1 from April to June 2012. There were 9.07 million economically inactive people aged from 16 to 64, down 25,000 from April to June 2012.

If only pay figures were in correlation with these figures, because between July to September 2011 and July to September 2012, total pay (including bonuses) rose by 1.8 per cent and regular pay (excluding bonuses) rose by 1.9 per cent.

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    Les Warburton

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