Latest labour market employment figures

The Office for National Statistics has announced that the latest statistics, based on the period May to July 2014, show that employment continued to rise and unemployment continued to fall.

The Office for National Statistics has announced that  the latest statistics, based on the period May to July 2014, show that employment continued to rise and unemployment continued to fall.

According to the ONS:

'There were 30.61 million people in work. This was 74,000 more than for February to April 2014, the smallest quarterly increase since April to June 2013.

Comparing May to July 2014 with a year earlier, there were 774,000 more people in work.

The proportion of people aged from 16 to 64 in work (the employment rate), was 73.0%, slightly higher than for February to April 2014 (72.9%) and higher than for a year earlier (71.6%).

There were 2.02 million unemployed people, 146,000 fewer than for February to April 2014 and 468,000 fewer than a year earlier.'

Neil Carberry, CBI Director for Employment & Skills, said:

'The fact that unemployment is lower now than at any time since late 2008 is good news. There is more to do, but it's clear that our growing economy is feeding through to new jobs.

Jobs growth is coming from the private sector, more than making up for public sector job losses, and more young people are finding their feet in our labour market.

With unemployment dropping, and wage settlements in larger firms starting to pick up, we expect to see average earnings growth begin to rise in time.'

Internet link: ONS 

Copyright

© 2024 A.M. Accountants Limited. All rights reserved.

We use cookies on this website, you can find more information about cookies here.
Contact Us

Please call:
020 8348 3378

Quick links

Home | Contact us | Site map | Accessibility | Disclaimer | Help |

Address
A.M. Accountants Limited, 63 Highgate High Street, Highgate, London N6 5JX

Registered as auditors and regulated for a range of investment business activities in the United Kingdom by the Association of Chartered Certified Accountants.
A.M. Accountants Limited, Company number 04251430, Registered in England and Wales, Registered office address 63 Highgate High Street, Highgate, London N6 5JX