Olympic boost for UK employment figures’

graduate benefit choices 150Unemployment falls by 65,000 with thousands of new jobs created in London

New figures came out today that show unemployment has fallen by 65,000 between March and May with unemployment now sitting at 2.58 million, the number of people in work climbed by 181,000 to over 29 million, the highest since late 2008.

Other figures released today are less reassuring though with the number of people out of work for over 2 years rising by 18,000 up to 441,000 the highest it has been since 1997. Benefits claims have also risen in June with another 6,100 claims; this has partly been put down to a change in the benefits system.

London benefited the most from the employment increase with 61,000 people finding jobs, with the Olympics thought to be the major contributor to this.

The figures released today do also suggest that the private sector is beginning to fill the jobs void left by the public sector, with ONS figures showing businesses creating 166,000 jobs between February and April compared with a 39,000 loss in the public sector in the same period.

The youth employment market remains bleak however with over a million unemployed, indicating that the government still has a lot to do to get the job market back on track.

Share and Connect

                                        

 What are these?

Follow, connect, link to us

Follow on Twitter

Follow Pareto on Twitter

Link to us

Connect with Pareto on LinkedIn

Read our Blogg

Read our recruitment blog

Connect with us

Read our recruitment blog

 

[Search]