Wednesday, 19 February 2014

Unemployment Continues To Fall Nationally

The number of unemployed people aged 16 or over fell by 125,000 from October to December to 2.34m and by 161,000 from a year earlier. The unemployment rate from October to December fell to 7.2%, 0.4 percentage points down from July to September 2013. There were 396,000 more people in employment.

The economic inactivity rate was 22.1% or 8.93 million economically inactive people aged 16-64, 23,000 fewer than between July and September.

Total pay (including bonuses) averaged £478/week, an increase of 1.1% (CPI=2% for same period). Regular pay averaged £450/week.

There were 32.35m workforce jobs in the economy in September 2013, an increase of 216,000 since June 2013 and 598,000 on a year earlier. Professional, scientific and technical was the sector that showed the largest increase in jobs between September 2012 and September 2013 and reached 2.62m.

At the regional level the employment rate was highest in the South East at 76.6% and lowest in the North East at 67.4%. The unemployment rate was highest in the North East at 10% and lowest in the South East at 5.1%. The North West reported the highest level of economic inactivity at 25.1% and lowest in the South East at 19.2%

The highest employment rate for the period October 2012 to September 2013 at local authority level was South Northamptonshire with 87.8% then Watford with 87.1%. The lowest rates were in Nottingham with 57.2% then Middlesbrough with 58.3% and Newcastle upon Tyne and Birmingham with 58.7%.

Birmingham had the highest unemployment rate at 16%, then Middlesbrough with 15%. The lowest rates were South Lakeland with 2.4% and Eden in Cumbria at 2.8%.

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