Smart Recruiters Have the Most to Gain in the Recovering Economy

August 28, 2014 4:28 pm Published by

The labour market is recovering. It has been a long six years since the 2008 crunch heralded the start of ‘The Great Recession’ but, finally, after years of stagnation, recruitment is taking off again. The latest figures, released by the Office for National Statistics on the 11th of June, were hugely positive: unemployment down by 347,000 on the previous year to 6.6% of the economically active population (the biggest annual fall in 16 years), 780,000 more people in work overall than last year, wage growth- albeit still sluggish- gathering a bit more pace. Although some threats persist on the horizon, with Europe remaining in the doldrums and inflation still outpacing wage growth, the recovery does, finally, seem to have firmly... View Article

Labour Market

August 13, 2014 4:18 pm Published by

Unemployment is 2,077,000, down 45,000 from last month’s published figure (quarterly headline down 132,000) and the unemployment rate is 6.4%, down 0.1 percentage points on last month and down 0.4 percentage points on last quarter. The number of claimant unemployed is 1,007,500, down 33,600 on last month, and the claimant rate is 3.0%. The number of workless young people (not in employment, full-time education or training) is 1,184,000, down 54,000 on the quarter, representing 16.5% of the youth population (down 0.7 percentage points). Youth unemployment (including students) is 767,000, down 102,000 on the quarter. There are 3.2 unemployed people per vacancy. The employment rate is 73.0% (down 0.1 percentage points on last month’s published figure and up 0.3 percentage points... View Article