Thursday, 15 December 2011

Number of Unemployed Reaches 2.64m

The unemployment rate reached 8.3% in November 2011, up 0.4% on the quarter. The last time it was higher was January 1996. The total number of unemployed people reached 2.64m, the highest number since September 1994. The unemployment level for the 16 to 24 age group at 22% is the highest since records began. The number of unemployed people in that age group has risen to 1.03m. Data from the years before these records began show that the level of youth unemployment was higher in the 1980s.

Total pay rose by 2% on last year. Regular pay (excluding bonuses) rose by 1.8% on the year. Output per worker was unchanged. Unit labour costs increased by 0.3%. Actual hours worked per week was 918m and average weekly hours worked increased by 0.2% to 31.6. There were 455,000 vacancies in the three months to November, or 1.7 vacancies for 100 employee jobs.

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