Overview of the Labour Market
The labour market figures published on 12 December were good. Employment and vacancies increased, while both unemployment and the Jobseeker’s Allowance claimant count decreased. In addition, there were further improvements for young people as youth unemployment, long-term unemployment and worklessness all continued to fall.
Key facts are:
- Unemployment is 2,510,000, down 4,000 from last month’s published figure (quarterly headline down 82,000), and the unemployment rate is 7.8%, the same as last month (quarterly headline down 0.2 percentage points).
- The number of claimant unemployed is 1,575,100, down 3,000 on last month, and the claimant rate is 4.8%.
- The number of workless young people (not in employment, full-time education or training) is 1,341,000, down 82,000 in the quarter, representing 18.5% of the youth population (down 1.1 percentage points in the quarter).
- Youth unemployment (including students) is 945,000, down 72,000 in the quarter.
- There are 5.2 unemployed people per vacancy.
- The employment rate is 71.2% (the same as last month’s published figure and as the preferred quarterly measure).
Categorised in: News