Companies and Markets
Call us on +44 (0) 203 086 8600
Market Research A to Z | Company Profiles A to Z | RegisterRegister | Contact UsContact Us | Shopping Basket Shopping Basket
+44 (0) 203 086 8600 Call us on

UK unemployment market falls to its lowest level for more than a year

Industry Sector

Business Services

Published

14 November 2012

Author

Matt Bodimeade

Type of News

General

The UK unemployment market has seen the total number of people out of work in the UK fall to its lowest level for more than a year.

In the three months to September, the unemployment rate fell by 49,000 to 2.51 million, taking the jobless rate to 7.8% from 7.9%. The Office for National Statistics said that almost all the 49,000 fall was due to a decline in youth unemployment.

The total within the UK unemployment market is now 110,000 lower than for the July-September quarter last year, the ONS said. The number of people in work increased by 100,000 in the latest quarter to just under 30 million, a rise of more than half a million over the past year.

Recent research highlights the effects of the UK government's spending cuts and exposes regional inequalities in the country's labour market.

The London 2012 Olympics has been hailed as a contributing factor to the reduction of unemployment rates in the UK.

London accounted for 5,500 of the fall in the number of people claiming Jobseeker's Allowance, suggesting a jobs boost from London 2012, as companies increased hiring rates to cope with the busy period. The workforce in the capital also increased by 91,000 ahead of the Games, which formed a significant part of the overall 236,000 rise in people in work.UK Unemployment

Despite the decrease over the three-month period, there was an increase of 10,000 in the number of people claiming unemployment benefits in the month of September.

For more information on the UK unemployment market, see the latest research: Employment Reports

Follow us on Twitter @CandMResearch

Visitor Comments

All posts are pre-moderated and must obey the house rules.

Change Currency

GBP
USD

Change Currency

GBP
USD

Use our research skills: Get free support

Free Research Support: Let us do the work for you and find information from public and private sources of information. Contact us now and we can save you time and money.......Free Research Support

Can't find the exact research required: We can provide you with cost-effective research on any industry or topic

Use our skills and global network of researchers and consultants to help find and source the business information you need.

Contact us now on 00 44 (0) 203 0868600 or "enquiries @ companiesandmarkets.com" to discuss you requirements and we can provide you with a research solution at suprisingly efficient rates and timelines.

Sometimes we can even find the information you require for free.

Find all the research at the best prices. Great promotions being offered during January!

We are offering our clients substantial savings on the best research available during January. Please contact us either via email or by calling our team to discuss your specific research needs on Tel: 00 44 (0) 203 0868600.

Accessibility
Close

Contrast settings

Text size settings