UK unemployment falls by 82,000- official figures show

The number of people out of work fell by 82,000 between August and October, to 2.51 million, official figures have shown.UK unemployment falls by 82,000- official figures showIt was the biggest quarterly fall in unemployment since 2001.

The unemployment rate was 7.8%, down 0.2 percentage points from the previous three months.

The Office for National Statistics also said that the number of people claiming Jobseeker’s Allowance fell 3,000 to 1.58 million in November.

Total pay was up 1.8% compared with the same period last year.

Employment rose 40,000 to 29.6 million, which was the highest figure since records began in 1971.

Employment in the public sector fell for the 12th consecutive month, dropping 24,000 to 5.7 million, which was outstripped by a 65,000 rise in private sector employment to 23.8 million.

Among the details in the ONS report:

  •     number in full-time employment rose 44,000
  •     number in part-time employment fell 4,000
  •     unemployed 16-to-24-year-olds fell 90,000 to 626,000, excluding people in full-time education
  •     the biggest regional fall in employment was in Scotland, where it fell 27,000
  •     the biggest regional rise was in Yorkshire and the Humber, where it rose 48,000

Speaking at Prime Minister’s Questions, David Cameron said that while long-term youth unemployment was down 10,000, the problem showed the importance of the government’s Work Programme. However, “clearly, there is more to do,” he said.

Many analysts have questioned why unemployment has not been higher, given the general weakness of the economy.

The Office for Budget Responsibility, which makes economic forecasts on behalf of the economy, last week cut its forecast for the peak rate of unemployment to 8.2%, although that still suggests a considerable increase in joblessness from the current 7.8%.

January 10, 2013 · Home Based Jobs · Comments Closed
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