Employment at highest rate on record

19 Feb 2015

Recent figures released by the Office for National Statistics (ONS) show that unemployment in the UK has fallen to 5.7% of the working population.

The figures show that 103,000 more people found work in the three months to December 2014. The employment rate now stands at 73.2%, marginally higher than the pre-crisis levels recorded in 2008.

Prime Minister David Cameron welcomed the information as proof that the Government’s economic plan is working. He said: ‘I’m not saying we have solved all our problems in the British economy in the last four and a half years, but we are on our way’.

Average earnings rose to 2.1%, the ONS said, although excluding bonuses that figure drops to 1.7%.

With the economy showing signs of steady improvement and more competition in the jobs market, Chief Economist at the Institute of Directors (IoD), James Sproule, said: ‘Two-thirds of IoD members are planning pay rises at least in line with inflation over the coming months’.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s