The unemployment rate went up 0.3% to 8.4% for the three months to November 2011. It the highest since 1995. The number of unemployed people went up to 2.68m. The highest since 1994. The number of young unemployed, those between 16 and 24, at 1.04m, is the highest it has been since comparable records began in 1992. The employment rate was 70.3% with 29.12m people in employment.
Average total pay was £464/week in November 2011 and average regular pay (excluding bonuses) was £438/week. Total pay rose 1.9% in the three months to November and regular pay rose by the same amount over the same period. Average total pay in the private sector was £462/week and regular pay £428/week and in the public sector total pay was £477/week and regular pay was £465/week.
Labour productivity increased by 1.2% between Q2 and Q3 2011 and unit labour costs increased by 0.5%. There were 164,000 redundancies in the three months before the ONS labour force survey. Workforce jobs increased by 150,000 to 31.27m. Administrative and support services jobs showed the biggest increase.
The number of vacancies fell to 463,000 in the three months to December 2011 or 1.8 vacancies per 100 employee jobs. (ONS)
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