Friday, 18 November 2011

Unemployment Rate 8.3%

The unemployment reached the highest it has been since 1996 at 8.3% or 2.62m people, an increase of 129,000 on the quarter. The 2.62m figure is the highest since 1994.

There were 29.07m people in employment aged 16 and over, a decrease of 197,000 on the quarter. There were 31.16m workforce jobs in June 2011, down 102,000 on the quarter. Workforce jobs measured jobs filled. It differs from the employment figure because some people have more than one job.

The number of redundancies fell by 7,000 to 147,000 over the three months before the survey. The redundancy rate was 5.9/1,000. The number of vacancies increased by 7,000 to 462,000 in the three months to October 2011. There were 1.8 jobs to every 100 employee jobs during that period.

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