Latest Labour Market Analysis

June 20, 2012 4:23 pm Published by

Unemployment is 2,615,000, down 11,000 from last month’s published figure, and the unemployment rate is 8.2%, the same as last month. The number of claimant unemployed is 1,599,300, up 8,100, and the claimant rate is 4.9%. The number of workless young people (not in employment, full-time education or training) is 1,453,000, up 19,000 in the quarter, representing 19.9% of the youth population (up 0.3 percentage points in the quarter). Youth unemployment (including students) is 1,013,000, down 29,000 in the quarter. There are 5.7 unemployed people per vacancy. Inclusion estimates this figure may slip to 5.6 next month. The employment rate is 70.6% (up 0.1 percentage points on last month’s published figure and up 0.3 percentage points in the preferred quarterly... View Article

New Enterprise Allowance unleashes a wave of entrepreneurs

June 8, 2012 12:15 pm Published by

A tapas restaurant, tattoo parlour, party entertainer and removals company are among 4,560 businesses which have been launched thanks to a Government scheme to help entrepreneurial jobseekers, Employment Minister Chris Grayling has revealed. The businesses have started up thanks to the New Enterprise Allowance, which partners jobseekers with a mentor to draw up a business plan then gives them financial support to help them through the early months and the number is growing all the time. Hundreds of new businesses are now starting up every week under the scheme. Thousands more would-be entrepreneurs have started working with a mentor on their plans and could be among the next to set up their business. Claimants to start trading so far include:... View Article