Unemployment falling

Labour Market Statistics, March 2015: ONS

Key Points for the three months ending January 2015

  • Comparing the estimates for the three months ending January 2015 with those for August to October 2014, employment continued to rise and unemployment continued to fall
  • There were 1.86 million unemployed people, 102,000 fewer than for August to October 2014 and 479,000 fewer than for a year earlier
  • The proportion of the economically active population who were unemployed (the unemployment rate) was 5.7%, lower than for August to October 2014 (6.0%) and for a year earlier (7.2%). The economically active population is those in work plus those seeking and available to work
  • There were 9.03 million people aged from 16 to 64 who were out of work and not seeking or available to work (known as economically inactive), 30,000 fewer than for August to October 2014 but 14,000 more than for a year earlier
  • The proportion of people aged from 16 to 64 who were economically inactive (the inactivity rate) was 22.2%
  • There were 30.94 million people in work, 143,000 more than for August to October 2014 and 617,000 more than for a year earlier
  • There were 22.64 million people working full-time, 481,000 more than for a year earlier. There were 8.30 million people working part-time, 137,000 more than for a year earlier
  • The proportion of people aged from 16 to 64 in work (the employment rate) was 73.3%, the highest since comparable records began in 1971
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Footfall figures less gloomy

Footfall and Vacancies Monitor: BRC-Springboard

  • Footfall in February was only 0.5% lower than a year ago, an improvement on the 1.2% fall in January
  • This is above the three-month average of -0.8% and best overall footfall performance since May 2014
  • Footfall in out-of-town locations fared the best with a 1.0% increase year-on-year
  • Four regions and countries reported footfall lower than a year ago, with Wales and Greater London reporting the greatest declines