UK unemployment dropping

Labour Market Statistics, September 2012: ONS

May to July 2012:

  • The unemployment rate was 8.1 per cent of the economically active population, down 0.1 on the quarter. There were 2.59 million unemployed people, down 7,000 on the quarter
  • The employment rate for those aged from 16 to 64 was 71.2 per cent, up 0.5 on the quarter. There were 29.56 million people in employment aged 16 and over, up 236,000 on the quarter
  • The inactivity rate for those aged from 16 to 64 was 22.4 per cent, down 0.5 on the quarter. There were 9.01 million economically inactive people aged from 16 to 64, down 181,000 on the quarter

Public Sector Employment, Q2 2012: ONS

  • Total UK public sector employment decreased for the eleventh consecutive quarter in Q2 2012, by 235,000 to 5.664 million.
  • UK local government decreased by 56,000 and UK central government decreased by 175,000, both affected by the reclassification of the English colleges.
  • Civil Service employment in Great Britain decreased for the fifth consecutive quarter, by 5,000 to an estimated 459,000.
  • Employment in UK public corporations decreased for the eighth consecutive quarter, by 4,000 to 485,000.
  • In Q2 2012, private sector employment increased for the tenth consecutive quarter, by an estimated 471,000 to 23.896 million. When the effects of the reclassification of the English colleges are removed, private sector employment increased by 275,000.
  • The Q2 2012 total public sector employment estimate is 394,000 lower than the Q2 2011 estimate. The Q2 2012 private sector estimate is 824,000 higher than the Q2 2011 estimate.

The Chartered Institute of Personnel and Development said the latest ONS statistics highlight the gradual re-engineering of the UK labour market during the past two years.

  • Public sector headcount has fallen by around 430, 000 since June 2010.
  • Growth in the private sector has compensated for the fall in public sector employment
  • The number of people in employment has risen by 442, 000 in the two years to July 2012.  Of this total, the increase in the number of self-employed (261, 000) exceeds the rise in the number of employees (152, 000).
  • The number of unpaid family workers and people on government supported employment and training programmes has also risen to a two-year high.
  • The number of temporary workers that could not find a permanent job has fallen from 36% in July 2010 to 40% in July 2012. Meanwhile, the number of people working part-time involuntarily has increased from 1.1 million to 1.4 million in the two years to July 2012.

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