UK unemployment falls by 35,000 to 2.65 million

Unemployment fell by 35,000 to 2.65 million over the December-to-February period according to the Office for National Statistics (ONS).UK unemployment falls by 35,000 to 2.65 millionThe unemployment rate edged down from a 12-year high of 8.4% to 8.3%, the lowest level since the summer of last year.

The claimant count rose by 3,600 in March to 1.61 million. That is the highest total since October 2009, according to the ONS.

If you look at the longer-term picture, unemployment rose quite strongly during the summer of last year, then the increases tailed off a bit towards the end of the year.

So despite this latest decrease, the level of unemployment is significantly higher than it was a year ago, in fact it is some 170,000 higher than it was at the same point a year ago.

The ONS data showed that the number of people having to settle for part time work because they can’t find full time jobs has risen 89,000 to 1.4 million, its highest level since records began in 1992.

Some of those moving into part time work we know are women who either have got children and are coming back into part time work because they are at school, or who are older and the children are grown-up and are coming back into part-time jobs.

Nicholas Palmer from the ONS: ”This is the first decrease we have seen in unemployment since spring last year”

The latest report contained some encouraging news for younger jobseekers, with the number of unemployed 16-24 year-olds falling to 1.03 million.

However, the rate of youth unemployment, at 22.2%, remains high.

The latest report shows that prospects for employment differ across the UK:

In Scotland, there was a sharp fall in unemployment. Over the three months to the end of February the jobless total fell by 12,000 and the unemployment rate dropped to 8.1%.

In Wales, unemployment fell by 1,000. The rate stands at 8.9%.  In Northern Ireland, the rate was unchanged at 6.8%

Within the English regions the picture is also very varied:

The North East saw unemployment fall by 9,000, but the region still has the highest rate in England, of 11.2%.  The South East recorded a fall in the jobless total of 2,000. It has the lowest rate in England, of 6.3%.

June 5, 2012 · Home Based Jobs · Comments Closed
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