Unemployment Continues To Fall

The number of people in employment continues to increase according to latest estimates from the ONS. Unemployment continues to fall.

Employment increased by 105,000 from August to October 2013 and increased by 459,000 over the year to 30.19m for November 2013 to January 2014. The August to October increase was due to an increase in self-employed people; the number of employed people actually fell over the same period. The employment rate for November to January was 72.3% up from 72% in August to October and 71.5% from the previous year. The employment rate was highest in the South East at 76.4% and lowest in the North East at 68.2%

Unemployment fell by 63,000 from August to October and by 191,000 over the year. The total number of the unemployed was 2.33m for November to January 2014. The unemployment rate was 7.2% for November to January from 7.4% in August to October 2013 and 7.8% from last year. The unemployment rate was highest in the North East at 9.5% and lowest in the South East at 5.2%.

The number of employees fell by 60,000 to 25.49m. The number of self-employed people increased by 211,000 to 4.46m. Unpaid family workers decreased in number by 7,000 to 108,000. The number of people on government supported training and employment programmes classified as employed decreased by 38,000 to 132,000.

There were 32.35m workforce jobs ie. jobs filled in the economy, in September 2013 an increase of 216,000 from June and 598,000 on the year. The largest increase in jobs was in professional, scientific and technical activities up 137,000 to 2.62m.

In January 2014, regular pay was 1.3% up over the year from November to January to £451/week and total pay was up 1.4% to £479/week.