Wednesday, 21 March 2012

Unemployment Rate Highest Since 1995

The unemployment rate for March 2012 according to the latest ONS labour market statistical bulletin was 8.4%, the highest since 1995. There were 2.67m unemployed people. The number in employment was 29.12m, up 9,000 on the quarter but the number of people employed in the public sector fell by 37,000.

In the three months to January 2012 the inactivity rate was 23.1% equivalent to 9.3m economically inactive people. Over the same period 173,000 people were made redundant or 70 per 1000 employees. There were 31.54 workplace jobs in December 2011. Administative and support services showed the biggest increase in workplace jobs with an increase of 44,000 to 2.49m. Vacancies totalled 473,000 in the three months to February, an increase of 15,000. There were 1.8 vacancies per 100 employee jobs.

Total pay rose by 1.4% while regular pay rose by 1.7%. Output/worker rose by 1.2% between Q2 and Q3 2011 while unit labour costs rose by 0.5%.

Labour disputes cost industry 21,000 working days in January 2012.

No comments:

Post a Comment