4.5 million self employed jobs in UK

There are now 4.5 million self employed people in the UK according to the official employment statistics.

4.5 million self employed jobs in UKThe number of self employed people dropped by 76,000 in the latest three month period to 4.5 million, but the total is 279,000 higher than a year ago.

The number of employees in part-time jobs has reached a record high of 6.8 million.

The employment statistics are compiled by the Office for National Statistics (ONS).

The UK unemployment total has fallen below two million for the first time in almost six years the official figures show. The number of jobless people fell by 154,000 to 1.97 million in the three months to the end of August, the Office for National Statistics said.

The drop, which is bigger than analysts expected, took the unemployment rate to 6%, its lowest level since late 2008.

In total, there are now 30.76 million people in work in the UK. The proportion of people aged between 16 and 64 in work is now 73%, close to its all time high of 73.2%.

The number of people in employment rose by 46,000 over the three months, which was the weakest quarterly gain since May last year. Economists said this suggested the economic recovery could be slowing.

Over the year to the end of August, the number of unemployed people fell by 538,000, the largest annual fall since records began.

But the number of people choosing not to seek work increased. Those classed as economically inactive, such as students, long-term sick and those retiring early, increased by 113,000 in the quarter to more than nine million.

Average weekly earnings in the June-to-August period, excluding bonuses, rose by 0.9% from a year earlier. Including bonuses, earnings rose by 0.7%, well below inflation, which is currently running at 1.2%.

Other key figures included show:

  • The number of people claiming Jobseeker’s Allowance in September fell by 18,600 to 951,900, the 23rd consecutive monthly reduction.
  • Youth unemployment – covering 16-to-24-year-olds – fell by 88,000 over the quarter to 733,000, giving a jobless rate among the age group of 16%.

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October 18, 2014 · Home Based Jobs · Comments Closed
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