Unemployment Continues To Fall

The unemployment rate for July to September was 6% 0.3% lower than April to June and 1.6% lower than last year. There were 1.96m people unemployed, 115,000 fewer than April to June 2014 and 529,000 fewer than last year. The unemployment rate was highest in the North East at 9.2% and lowest in the South East at 4.6%. The economic inactivity rate was 22.2% (9.03m people) about the same as April to June (22.1%) and last year (22.3%). The inactivity rate was highest in Wales at 25.8% and lowest in the East of England at 19.4%.

Average weekly regular pay (excluding bonuses) was £455 per week before tax and other reductions and average total pay (including bonuses) was £481 per week. July to September average regular earnings increased 1.3% over the year and average total earnings were 1% higher than last year. The CPI increased by 1.2%.

The number of JSA claimants has fallen for 24 months in a row and in October was 20,400 down on September 2014 and 373,100 down on last year but is 153,300 higher than the pre-downturn low of 778,400 in February 2008. There were 4.11m people claiming key out of work benefits, 422,400 less than May 2013 and 984,100 less than the 5.10m of February 2010. The claimant count was highest in the North East at 4.7% and lowest in the South East at 1.6%.

There were 687,000 job vacancies in the period August to October 2014, up 22,000 from May to July and 136,000 on last year but 9,000 down on the pre-downturn peak of 696,000 for January to March 2008.

Largest Fall In Unemployment Since Records Began

The unemployment rate continued to fall during the period June to August reaching 6% the lowest since 2008. There were 1.97m unemployed people, 154,000 fewer than in March to May and 538,000 fewer than last year. It is the largest fall in unemployment since records began in 1972. There were 9.03m people out of work and economically inactive. The economic inactivity rate was 22.2%, up on the previous three months but lower than last year.

There were 30.76m people in employment, 46,000 more than in the period March to May and 736,000 more than last year. The employment rate was 73% up on the 72.9% of March to May and the 71.5% of the same time last year. There was an increase in the number of workforce jobs by 285,000 from the March to May period to 33.26m in June to August, up 1.12m on last year.

Average weekly earnings in August increased over both the last three months and over the year. Average regular pay for employees was £452/week before tax, up 0.9% and average total pay before tax was £479/week, up 0.7%.

The lowest number of people to have claimed unemployment related benefits was in December 1973 at 422,600 and the highest was in July 1986 at 3.09m. The number people of claiming Job Seekers Allowance (JSA) for the latest month, September 2014, was 951,000.

Vacancies estimates increased to 674,000 for July to September 2014, up 18,000 from April to June and 130,000 from last year (Figures from the ONS).

Unemployment Down To 2.12m

The unemployment rate continued to fall during March to May 2014 to reach 6.5%, the lowest since October to December 2008. There were 2.12m people unemployed, 121,000 fewer than December 2013 to February 2014.

The employment rate was 73.1% up from 71% on last year but higher than the pre-downturn peak of 73% for 2008. The number of employees increased by 552,000 to reach 25.83m. The number of self-employed people increased by 404,000 to 4.58m. The number of unpaid family workers increased by 13,000 to reach 117,000. The number of people on government supported training and employment schemes fell by 40,000 to 120,000.

Hours worked per week were 987m march to May 2014, up 14.1m from December to February and up 35m on a year earlier. People working full time worked on average 37.6 hours/week, part-time workers worked on average 16 hours/week. There was little change on a year earlier.

There were 33.05m workforce jobs in March 2014, an increase of 380,000 from December and 1.08m on a year earlier. Workforce jobs is a different concept from employment.

Average regular weekly earnings in May 2014 was £449/week and average total pay was £478/week (both before tax and deductions). Regular pay increased 0.7% over the year, total pay increased 0.3% over the year. Consumer inflation over the year to May 2014 was 1.5%.

Claimant Count figures show that for June 2014 there were 1.04m people claiming JSA, down 36,300 from May 2014 and 418,900 on the year. Claimant Count measures the number of people claiming benefits as a direct result of unemployment. Unemployment measures people without a job seeking work in previous four weeks and available to start in two weeks, and those out of work but have found a job and are waiting to start within two weeks.

There were 648,000 vacancies for April to June 2014, up 30,000 from January to March 2014 and 117,000 from last year.

North East/South East Divide In Labour Market

The employment rate in Great Britain was highest in the South East at 76.4% and lowest in the North East at 69.5%. The unemployment rate was highest in the North East at 9.8% and lowest in the South East at 4.8%. The North East showed the greatest increase in the employment rate at 1.3% then East Midlands at 1.2%. All regions, with the exception of Wales, showed a general increase in employment rates. The only region to show an increase in the unemployment rate was the North East which increased by 0.3% to 9.8%, Yorkshire and Humberside are next with 8.2%.

The inactivity rate was highest in Wales at 24.8% and lowest in the South East and the East of England at 19.7%. The claimant count was highest in the North East at 5.4% and lowest in the South East at 1.8%.

North East-South East Divide In Labour Market

The employment rate was highest in the South East with 75.1% and lowest in the North East with 66.1%. The unemployment rate was highest in the North East with 10.4% and lowest in the South East with 5.8%. Inactivity was highest in the North East with a rate of 26% and lowest in the South East with 19.7%. The claimant count was highest in the North East at 7.1% and lowest in the South East at 2.7%.

Nationally, the unemployment rate was 7.8% down 0.2% from December 2012 to February 2013 and 0.3% on a year earlier. There were 2.51m people unemployed, a fall of 57,000 from December 2012 to February 2013 and 72,000 on the year. Inactivity was up 0.2% to 22.5%. The number of young unemployed fell 20,000 to 959,000.

Total pay rose by 1.7% to £476/week and regular pay by 1% to £446/week compared with March to May 2012. Average weekly hours worked for March to May totalled 32 up 0.1 from December to February and a year earlier. The claimant count was 1.48m, down 117,700 on the year. The rate was 4.4% down 0.1% from May 2013.

There were 32.3m workforce jobs in March 2013, up 211,000 from December and 161,000 on the year. The biggest increase sectorally was in professional, scientific and technical jobs with an increase of 118,000 to 2.56m. There were 529,000 vacancies, up 24,000 from January to March and 56,000 on the year.

Regional Labour Market Statistics

The unemployment rate was highest in the North East where it reached 9.7% and lowest in the South West at 5.5%. The employment rate was highest in the South East at 75% and lowest in the North East at 67.7%. Inactivity rates were also highest in the North East at 24.9% and lowest in the East of England at 19.6%. The North East also had the highest claimant count at 7.7% and the South East the lowest at 3%.

Highest Employment Level Ever

The level of employment has never been higher according to a statistical bulletin from the ONS. The latest labour market figures suggest that at 29.73m the employment level has never been higher (comparable data began in Jan-Mar 1971). The employment rate was up 0.3% points on July to 71.5% and 1.1% on a year earlier.

The unemployment rate was 7.8% of the economically active population with 2.5m people out of work. The inactivity rate was 22.3% or 8.98m economically inactive people.

Total pay was up by 1.4% compared with October to December 2011 to £472/week and regular pay was £445/week up by 1.3%.

Slight Fall In Unemployment

The unemployment rate for June to August was 7.9% down 0.2% compared with March to May 2012. There were 2.53m unemployed down 50,000 on March to May. The employment rate for June to August was 71.3% up 0.5% on March to May with 29.59m people in work, up 212,000 on March to May and 510,000 on last year. The number of people in full-time work increased by 88,000 between March/May and June/August and part-time work by 125,000 but between June/August 2007 and June/August 2012 the number of people in full-time employment has fallen by 355,000 and the number of people in part-time employment has increased by 724,000. The number of unemployed people fell by 50,000 between March/May and June/August 2012 but increased by 883,000 between June/August 2007 and June/August 2012. The inactivity rate was down. There were 9.04m (22.5%) economically inactive people in June to August, down 138,000 on March to May and 314,000 on last year. There were 476,000 job vacancies for July to September 2012, up 3,000. There were 1.8 vacancies per 100 employee jobs. The largest increase in jobs between March and June 2012 was in the professional, scientific and technical sector with an increase of 87,000. The largest fall in jobs was recorded in the human health and social work sector with a decrease of 60,000 jobs. There pay rises in the June to August period. Total pay increased by 1.7% and regular pay increased by 2% on last year. Average total pay in August was £473/week and average regular pay was £444/week. The unemployment rate was highest in the North East with 9.9%. It was lowest in the South West with 5.8%. The largest decreases in the unemployment rate were in the North West with 1.1% and the North East with 0.9%. The highest employment rate was in the East of England with 74.6% followed by the South West (74.6%) and the South East (74.4%) and lowest in the North East with 67.9%. The inactivity rate was also highest in the North East with 24.6% and it was lowest in the East of England with 19.9%. The North East also had the highest Claimant Count with 7.7%. The lowest Claimant Count was in the South East with 3%.

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%.

Unemployment At 7.7%

The unemployment rate for the 16-64 age group for the three months to March 2011 was down 0.1% to 7.7% or a total of 36,000 fewer unemployed people according to the ONS Labour Market Survey for March 2011. The number of unemployed people in March was 2.46m. The employment rater was 70.7% and the number of employed people was 29.57m. In the 16-24 age group unemployment was 20% of the economically active population, down 0.5% on the previous three months. The inactivity rate was 23.3% and the number of economically inactive people was 9.32m. Those inactive due to long-term illness numbered 2.16m. The claimant count increased by 12,400 to 1.47m.

Average regular pay for public sector workers in March 2011 was £471/week and averege total pay (incl. bonuses) was £481/week. For private sector workers average regular pay was £422/week and average total pay (incl. bonuses) was £466/week. The earnings annual growth rate for total pay was 2.3% for the three months to March and for regular pay 2.1%. Actual hours worked per week in tyhe three months to March totalled 921.9. Average weekly hours worked over he same period was 31.6.

There 123,000 redundancies in the three mnoths to March, down 24,000 on the previous three months and 53,00 on the year. The redundancy rate was 4.9 per 1,000 employees. Working days lost due to labour disputes totalled 145,000 in the twelve months to March 2011, the lowest since records began in 1931.

Whole economy output per worker was 0.8% up in Q4 2010 compared with the previous year. hole economy wage costs increased by 0.7% over the same period. In December 2010 there were 31.26m workforce jobs with the largest increase being in human health and social work. Vacancies in the three months to April 2011 were down 30,000 to 469,000. If the temporary vacancies connected with the Census are excluded the total falls to 461,000. There were 1.8 vacancies per 100 employees in the three months to April 2011.

Unemployment Up To 2.49m

The unemployment rate for October to December 2010 was 7.9% or 2.49m unemployed people. Youth unemployment (18-24 year olds) was 762,000 and is at its highest since 1993.

There were 29.12 employed people and an employment rate of 70.5%. Inactivity was at 23.4% or 9.36m inactive people. The public sector employed 6.01 people in September 2010, 33,000 down from June and the number of people employed in the private sector was 23.11m unchanged from June 2010.

Actual hours worked totalled 924.6m in the three months to December, 3% up on the three months to September. Average weekly hours worked in the three months to December totalled 31.8, up 0.2 from three months to September 2010.

Total pay, which includes bonuses, went up by 1.8% on the year earlier and regular pay went up by 2.3% on the year earlier. Private sector average total pay was £447/week in December 2010 and public sector pay average weekly earnings was £467. Average regular pay in the private sector was £419/week and in the public sector £467/week. The claimant count was 1.46m up on the quarter but down on the year.

Productivity was up 1.7% in Q3 2010 compared with Q3 2009 and whole economy wage costs fell by 0.5% over the same period.In December 2010, 7,000 working days were lost because of 14 stoppages in labour disputes and over the year 365,000 days lost from 88 stoppages.

There were 30.7m workforce jobs in September 2010, up on the quarter but down over the year with most jobs increases in accomodation and food services activities and between November 2010 and January 2011 there were 500,000 vacancies (503,000 in same period 2009) and a vacancy ratio of 1.9 per 100 employee jobs. Redundancies totalled 145,000 in the three months to December 2010 unchanged on the previous three months but down 23,000 from a year earlier or 5.8 per 1000 employees.

Fall In Unemployment

Unemployment fell by 34,000 over the quarter to reach 2.47m but was up 92,000 on the year. The unemployment rate for the three months to May was 7.8%, down 0.1% on the quarter but up 0.3 points on the year. The number of long-term unemployed increased by 61,000 to reach 787,000. The inactivity rate was down 0.2 or 62,000 on the quarter to 21.3% leaving 8.10 million working age people inactive. The claimant count fell by 20,800 on the month and 100,100 on the year to 1.46m or 4.5%.

The employment rate to May 2010 was up 0.3 to 72.3% or 28.98m employed people, an increase of 160,000. It was 0.6 down on last year. The public sector employed 6.09m and the private sector 22.78m.

Vacancies increased by 10,000 to 486,000 over the quarter. The sector with the largest increase in vacancies was wholesale, retail and motor vehicle repairs with an increase of 11,000 on the quarter.

The earnings annual growth rate for total pay for the quarter to May was 2.7%. Average total pay was £453 per week. Regular pay was £428 per week on average. The growth rate for regular pay was 1.8%. The average total in the private sector was £453 and average regular £418 per week. In the public sector the average total pay was £453 and average regular pay was £461 per week.

There were 30.77m workforce jobs in March 2010 with administration and support services increasing by 90,000. Total hours worked in the three months to May 2010 amounted to 911.4m giving an average of 31.5 hours a week. Output per worker decreased by 1.4% in Q4 2009. Unit wage costs increased by 2.4% over the same period. Nine stoppages in May 2010 cost 13,000 working days and 722,00 working days were lost in 97 stoppages over the year.

Fall In Unemployment In January

The unemployment rate fell by 0.1 to 7.8% in the quarter to January 2010 and the number of unemployed people fell by 33,000 to 2.45m. It is the first quarterly fall in the unemployment rate since May 2008 and the biggest fall in the number of unemployed since July 2007. The number of long-term unemployed increased however by 61,000 to 687,000 the biggest number since the three months to August 1997. The number of unemployed men and women both fell in the quarter, men by 20,000 to 1.51m and women by 13,000 to 938,000. The claimant count in February 2010 was down 32,300 to 1.59m or 4.9%.

The employment rate was 77% and the number of people in employment fell by 54,000 to 28.86m. The number of employees and self-employed people working part-time becuase they could not find a full time job increased 20,000 over the quarter. The working age employment rate was 72.2% down 0.3% on the previous quarter and 1.8% on the year. For men of working age the employment rate was 75% and women 69.2%. Full-time employment fell to 21.16m and part-time was unchanged at 7.7m. The public sector employed 6.1m and the private sector 22.76m.

There were 30.75m workforce jobs in December 2009 a decrease of 119,000 over the quarter and 533,00 over the year. The largest decrease over the quarter was in distribution, hotels and restaurants where the number of jobs fell by 62,000. There were 480,000 vacancies and 1.8 vacancies per 100 employee jobs.

The total number of hours worked per week in the three months to January 2010 fell 4.6m to 908.2m and the average weekly hours worked over the same period was down 0.1 to 31.5. Productivity was 3.1% lower than a year ago and wage costs increased by 4.1%. The working age inactivity rate was 21.5% up 0.4% and the number of economically inactive people of working age was up by 149,000 over the quarter and 371,000 over the year to 8.16m. The inactivity was increased mainly by the 2.31m students not in the labour market, an increase of 93,000 on the quarter.

Average total weekly earnings was £442/week including bonuses in January 2010 and average regular pay excluding bonuses was £426/week. Total pay increased by 0.9% and regular pay by 1.4% in January. Private sector pay was £426/week and excluding bonuses was £416/week. Private sector total pay was unchanged on last year and regular pay rose by 0.4%. Public sector average total pay was £461/week and regular pay was £457/week in January 2010. Public sector total pay went up by 3.8% and regular 4%.

Nine stoppages cost 4,000 working days in January. In the year to January the figure was 451,000 working days from 100 stoppages. The number of redundancies decreased by 22,000 to 168,000 that is a rate of 6.7 per 1000 employees down by 0.9% on the previous qaurter and 4.1% on the year.

A Fall In The Number Of Unemployed And Claimants

The number of unemployed people fell for the first time since May 2008. There were 7,000 fewer people unemployed bringing the number down to 2.46m. The number unemployed for over 12 months grew by 29,000 over the quarter to 631,000, the highest since November 1997. The unemployment rate for September to November was unchanged at 7.8%. The claimant count fell for the second consecutive month to reach 1.61m, the largest monthly fall since April 2007.

There were 448,000 vacancies in the three months to December 2009. That is an increase of 16,000 on the previous three months but 80,000 fewer than a year earlier. There were 30.86m workforce jobs in September 2009. Construction saw the largest decrease in jobs. The inactivity rate was 21.2% for September to November 2009. The number of inactive people rose by 79,000 to 8.05m.

Total hours worked per week in the three months to November were 910.9m. Average weekly hours came to 31.5, up 0.2 from August 2009. Productivity was 3.1% lower in Q3 2009 than Q3 2008 and unit wage costs rose by 4.1% over the same period. Manufacturing unit wage costs increased by 1.8%.

Average regular pay rose by 1.1% on the previous year, but decreased 0.1 on the previous quarter. Average total pay in November was £451/week, an increase of 0.7%. Private sector average regular pay in November was £414/week and average total pay was £447/week. Public sector average regular pay £455/week, average total pay was £459/week.

In November 14 labour disputes cost the economy 36,000 working days. Over the year to November 90 stoppages meant 436,000 lost working days. The number of redundancies decreased by 31,000 to 182,000 in the three months to November on the previous quarter and 46,000 on the previous year.

Manufacturing Jobs Hit All Time Low

The number of people unemployed has risen to 2.38m up 281,000 in the three months to May giving an unemployment rate of 7.6% and 753,000 on the year. The claimant count has increased to 1.56m. The number of inactive people of working age has increased and the economic inactivity rate has risen to 20.9% in the quarter. There are fewer vacancies. The number of vacancies was 429,000 down 35,000 on the quarter and 222,000 on the year. The number of redundancies was up 31,000 to 301,000 in the three months to May and 182,000 on the year. There were 31.19m workforce jobs in March. That is 108,000 down on the quarter and 455,000 fewer over the year. The number of manufacturing jobs in the quarter was 2.68m, the lowest figure since 1978 and is 201,000 or 7% down on the year. There were a total of 918.8m hours worked in the quarter to May and the average weekly hours worked was unchanged at 31.7. Average earnings annual growth rate for the whole economy excluding bonuses was 2.6% and including bonuses was 2.3%.