Government hails record number of people in work and off jobless benefits
A simple exposition of some positive economic news setting out a grwoth in employment. I have interesting insights to offer in terms of notified vacancies and employment trends in rural places which can be yours for the price of an email!!!
Unemployment fell by 50,000 in the latest quarter to 2.53 million, the lowest since the spring, giving a jobless rate of 7.9%.
The numbers claiming jobseeker’s allowance fell by 4,000 in September to 1.57 million, the third consecutive monthly fall and the lowest total since July 2011.
The Office for National Statistics also reported that part-time employment increased by 125,000 between March and May to a record high of 8.13 million.
The number of people in part-time jobs because they could not find full-time work was close to a record high at 1.4 million.
Youth unemployment fell by 62,000 to 957,000, the lowest figure for over a year.
Self-employment has also increased, up by 35,000 to 4.2 million, while the number of unpaid workers in a family business rose by 2,000 to 112,000.
David Cameron said at Prime Minister’s Questions in the Commons that the Work Programme was helping to tackle the “still too high” level of long-term unemployment, adding: “We do have the measures in place to tackle this scourge.
“We have to rebalance our economy because the state sector was too big, the private sector was too small.