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Monday, October 22, 2012

UK employment hits all-time high

More people are in employment in the UK than at any time since records began in 1971, rising to nearly 30m for June to August, according to official Government data.

The Office for National Statistics said the employment level rose to 29.59m for June to August, the highest since records began in January to March 1971 and up 212,000 from March to May.

The number of full-time workers increased by 88,000 to reach 21.45 million. The number of part-time workers increased by 125,000 to reach 8.13 million, the highest figure since comparable records began in 1992.

The figures also showed that unemployment fell more than expected, to 7.9pc from 8.1pc. Analysts had expected the level to remain unchanged.

The number of Britons claiming unemployment also fell unexpectedly, falling by 4,000 in September since the month before to 1.57m, the third consecutive monthly fall and the lowest total since July 2011.

Analysts had forecast an unchanged reading after a sharp fall in August, which was possibly helped by hiring for the London Olympics.

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