Unemployment Down By 0.2%

The unemployment rate went down by 0.2%, or 51,000 to 2.61m unemployed people in the three months to April. There were 29.28m people aged 16 and over in employment, up 166,000 on the quarter. Full-time workers numbered 21.32m and part-time workers 7.97m. The private sector accounted for 23.38m, up 205,000 and the public sector for 5.9m, down 39,000.

There were 1.01m unemployed young people (16-24 year olds) down by 29,000 and 3.62m young 16-24 year olds in employment. The unemployment rate for 16-24 year olds was down 0.6% to 21.9% in the three months to April. The unemployment rate is increased as increasing numbers of unemployed young people go into full-time education and are classed as economically inactive. If people in full-time education are excluded there were 709,000 unemployed 16-24 year olds in the three months to April.

The economic inactivity rate was 23%, down 0.2%. The economically inactive went down by 69,000 on the quarter and 139,000 over the year to 9.23m. The figure includes a fall of 62,000 to 2.25m people who were students. The claimant count in May 2012 was 1.6m, a rate of 4.9%.

Total pay in the public sector rose by 1.4% on the previous year to £479/week and regular pay by 0.8% to £467. Total pay in the private sector rose by 1.3% to £465/week in April 2012 and average regular pay rose by 2.1% to £431/week.

There were 31.89m workforce jobs in March 2012, up 357,000 over the quarter and 544,000 over the year. There were 465,000 job vacancies in the three months to May 2012. The number of redundancies on the quarter fell 0.7% to 6.2% but was up on the year by 1.6%.