Wednesday, 11 November 2009

Rise In Unemployment Slowest Since April 1998

The labour market statistics from the ONS show that unemployment was at 7.8% for the quarter from July to September and there were 2.46 million people unemployed. There were in total 21.1% of the working population economically inactive or 8 milion people. The working population totalled 28.93 million people, 21.26 million in full-time employment. There were 7.66 milion people in part-time employment.

Average earnings rose by 1.2% on last year including bonuses and 1.8% excluding bonuses. The claimant count was 1.64 million. It is the highest number of claimants since April 1997 but the smallest increase in the claiment count since April 1998. The number of vacancies was the lowest since records began in 2001 at 428,000. There were 31 million workforce jobs in June 2009, down 163,000. The biggest decreases were in business services and finance. Redundancies totalled 205,000, or 8.2% per 1000 employees.

The private sector accounted for 22.84 million employees and the public sector 6.04 million. By country of birth, 73.6% of UK born people of working age were in employment compared with 67.3% of non-UK born people. The number of UK born people in employment was 25.31 million and of non-UK born people it was 3.68 million.

The total hours worked per week were 910.7 million and the average weekly hours were 31.5. Labour disputes totalled 12 stoppages and 57,000 working days lost. Productivity was 3.9% lower in Q2 than last year while unit wage costs increased by 5.7% over the same period.

The south-east had the lowest unemployment rate in the UK at 6% and the west-midlands the highest at 10% due to a fall in the number of economically active people and an increase in unemployment.

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