Connecting to LinkedIn...

Blank

The ONS has released the latest employment figures For November 2012 to January 2013:

The ONS has released the latest employment figures For November 2012 to January 2013:

The employment rate for those aged from 16 to 64 was 71.5%, up 0.3 percentage points from August to October 2012 and up 1.1 from a year earlier. There were 29.73 million people in employment aged 16 and over, up 131,000 from August to October 2012 and up 590,000 from a year earlier.

The unemployment rate was 7.8% of the economically active population, unchanged from August to October 2012 but down 0.5 from a year earlier. There were 2.52 million unemployed people, up 7,000 from August to October 2012 but down 136,000 from a year earlier.

The inactivity rate for those aged from 16 to 64 was 22.3%, down 0.3 percentage points from August to October 2012 and down 0.8 from a year earlier. There were 8.95 million economically inactive people aged from 16 to 64, down 118,000 from August to October 2012 and down 320,000 from a year earlier.

Total pay and regular pay rose by 1.2% compared with November 2011 to January 2012. However as inflation measured by the Consumer Prices Index was 2.7% between January 2012 and January 2013, there continues to be a cut in the real value of pay.

For November 2012 to January 2013, compared with August to October 2012,

there was a fall in the number of economically inactive people aged from 16 to 64,

there were more people in employment, and

there was a small increase in the number of unemployed people.

The fall in the number of economically inactive people aged from 16 to 64 has therefore resulted in both employment and unemployment rising at the same time.

The rise in the number of people in employment was 131,000, comparing November 2012 to January 2013 with August to October 2012. There was an increase of 151,000 in the number of people employed in the private sector with the public sector showing a fall of 20,000. There were 29.73 million people aged 16 and over in employment and the employment rate for people aged from 16 to 64 was 71.5% for November 2012 to January 2013.

The number of unemployed people rose by 7,000 comparing November 2012 to January 2013 with August to October 2012. The unemployment rate was 7.8% of the economically active population for November 2012 to January 2013. This was unchanged from August to October 2012 but lower than the rate of 8.3% recorded for a year previously. As shown in Chart 1, a recent peak in this rate occurred in late 2011 when it was at 8.4% following the 2008-09 recession. Comparing this peak to peaks in previous recessions, it is lower thanthose recorded in the 1980s and early 1990s.

Tags:

Articles similar to

Articles similar to