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News : UK Economy Last Updated: Aug 16, 2012 - 8:18 AM

Number of jobless people in UK fell by 46,000 to 2.56m in the three months to June 2012
By Finfacts Team
Aug 15, 2012 - 2:59 PM

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The number of jobless people in the UK  fell by 46,000 to 2.56m in the three months to June 2012, according to the Office for National Statistics (ONS) today. The unemployment rate fell to 8.0% in the period, down from 8.2% in the previous quarter.

The lead up the London Olympics are seen as having had an impact on the figures.

The ONS said that the employment rate for those aged from 16 to 64 for the three months to May 2012 was 71.0 per cent. This is the highest figure since the three months to May 2009 and it is up 0.4 percentage points on the previous quarter. The number of people in employment aged 16 and over increased by 201,000 on the quarter to reach 29.48m, the largest quarterly increase since the three months to July 2010. The number of people in employment was 96,000 lower than the pre-recession peak of 29.57m recorded for March-May 2008.

The number of full-time workers increased by 130,000 to reach 21.41m and the number of part-time workers increased by 71,000 to reach 8.07m, the highest figure since comparable records began in 1992. The number of employees and self-employed people who were working part-time because they could not find a full-time job increased by 16,000 on the quarter to reach 1.42m, the highest figure since comparable records began in 1992.

The unemployment rate for the three months to June 2012 was 8.0 per cent of the economically active population, down 0.2 on the quarter.

Details [pdf]

The CBI, Britain's main business lobbying group, today commented on the latest official labour market data, showing that employment rose by 201,000 in the three months to June, while unemployment fell by 46,000. The number of people claiming Jobseekers Allowance fell by 5,900.

Neil Carberry, CBI director for Employment and Skills, said: “This latest labour market data continues the trend of robust performance, given the recent GDP figures. Alongside a rise in overall employment, it’s particularly pleasing to see more people are finding full-time jobs.

“The overall high level of unemployment, especially among young people leaving education, remains a significant challenge. We also need to ensure that the private sector can create jobs across the UK, as the numbers point to a wide variation in regional performance.

“These need to be areas of particular focus for the Government in the autumn.”

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