| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 Asia Economy


How to use our RSS feed

Follow Finfacts on Twitter

Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.


Finfacts is Ireland's leading business information site and you are in its business news section.


Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax - Income/Corporate

Global News

Bloomberg News

CNN Money

Cnet Tech News


Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News




Content Management by interactivetools.com.

News : UK Economy Last Updated: Dec 12, 2012 - 4:04 PM

UK employment rises to highest level since records began in 1971
By Finfacts Team
Dec 12, 2012 - 3:48 PM

Email this article
 Printer friendly page

UK employment rose to its highest level since records began in 1971 in the three months to October.

The number of people in work rose by 40,000 to 29.6m in the three months to October, the Office for National Statistics said [pdf] today. However, that was the slowest rise since January, confirming that the recent jobs boom is slowing.

UK unemployment was 2.51m,  down 82,000 on the previous quarter but almost unchanged on the three months to September. The quarterly fall was the biggest dip in unemployment since 2001.

The unemployment rate was 7.8%, down 0.2 percentage points from the previous three months.

The Office for National Statistics also said that the number of people claiming Jobseeker's Allowance fell 3,000 to 1.58 million in November.

Employment in the public sector fell for the 12th straight month, dropping 24,000 to 5.7m, which was offset by a 65,000 rise in private sector employment to 23.8m.

Neil Carberry, CBI director for Employment and Skills, said: "As we’ve seen throughout 2012, people are continuing to find work despite the lacklustre economy. The private sector has continued to generate jobs, employment is at record levels, and three thousand fewer people were claiming Jobseeker’s Allowance between August and October.
"But dig a little deeper and a huge challenge remains. Private sector jobs growth has tapered off sharply, while the three months to October saw the lowest number of people finding work since the turn of the year. It is deeply troubling that more than a third of unemployed people have now been out of work for more than a year.
"Although 72,000 fewer young people were out of work in three months to October, a fifth of our young people are still unemployed. So we support the Employment Minister’s decision today to extend the youth contract wage incentive to all young people.
"In 2013 unemployment will continue to be a serious problem for everyone in the UK, so there is clearly no room for complacency from the Government - - only real and immediate action on infrastructure, investment and exports will generate jobs.”

Check out our subscription service, Finfacts Premium , at a low annual charge of €25 - - if you are a regular user of Finfacts, 50 euro cent a week is hardly a huge ask to support the service.

Related Articles
Related Articles

© Copyright 2011 by Finfacts.com

Top of Page

UK Economy
Latest Headlines
UK in 28th rank of 30 advanced OECD nations for health resourcing: Economist Intelligence Unit
Business on a Shoestring: Keeping startup costs low in UK and Ireland
UK "underlying growth has stopped"
41,000 London properties held by foreign companies - 90% in tax havens
UK GDP rose 2.6% in 2014 up from 1.7% in 2013
Northern Ireland private economy contracted in December 2014
Northern Ireland may have a 12.5% corporation tax rate from 2017
UK moves ahead on 'Google tax' despite criticism
PwC charged with "selling tax avoidance on an industrial scale"; indulging in "scams"
Income inequality damages economies; Rich-poor gap highest in 30 years
Cameron warns of risk of another global recession
Only 80,000 of 1.1m UK jobs added since 2008 were full-time employee positions
UK added 112,000 jobs in third quarter; Pay inches above inflation - first time in 5 years
Germany and UK agree to restrict 'patent box' tax incentives to local R&D
German retailer Aldi to create 35,000 new jobs in UK by 2022
UK GDP growth slowed in the three months to September
UK retail sales fell in September; Tesco, Debenhams, Foxtons report market stress
UK faces more austerity and less chance of tax cuts
Globalization, the underclass and the need for a new model - Part 2
Northern Ireland PMI shows sharp increase in activity
UK economic growth revised up - above pre-recession level
London world’s most expensive city for companies to locate employees
UK retail sales in August best performance since January
UK economy added more net jobs in past 4 years than rest of the EU combined
UK to announce stiffer penalties for offshore tax evaders
UK economy since launch of the euro in 1999
IMF says British pound overvalued
UK profit warnings reach highest first half total since 2011
UK GDP up 3.1% in 12 months to end Q2 2014; Economy overtakes pre-crisis 2008 peak
Wealthy foreign students overtake finance professionals as renters in prime Central London areas
UK attracts most inward investment projects since records began in 1980s
Trends in UK and US part-time and self employment since 2008
UK labour participation at 73% - highest in decade; US at 63% - lowest since 1978
More than 20,000 client names of Jersey tax haven bank leaked
UK house prices overtook their 2007 peak in Q2 2014
UK recovery continues at robust pace
UK employment rose again at a record pace in the three months to April
UK tax revenues rose to record in 2013/2014 with help from tax dodgers
Overseas visits to London in 2013, up 43.5% in 10 years
UK economy grew 0.8% in Q1 2014; Almost back to 2008 peak