ONS report published
The results show that the unemployment rate fell 0.1 percentage points between March - May 2013 and June - August 2013 to 7.7%. Total pay rose by 0.7% compared with June to August 2012.
Andrew Hunter, co-founder of Adzuna, commented: “The UK job market is stepping up a gear. Available jobs are on the up, and salary growth is beginning to gather pace after a sluggish couple of years. Employers are building up their teams in order to capitalise on the wider economic recovery. Unemployment has fallen for the second month in a row, and around the country, job hunters are feeling more confident about their chances of finding work.
“But a word of caution: wages may be slowly creeping back up, but they are still being outpaced by inflation, and many UK employees are still to feel a difference in their wallets. It’s especially hard for graduates, who have seen their average starting salary drop over 10% year-on-year in many parts of the country. In addition, the job market still shows some strong regional disparities. In some areas of the UK finding a job is highly competitive. Our research has found that the ratio of job vacancies to applicants is generally more favourable in the South – of the ten best UK cities to find a job, only one was in the North.”