UK Unemployment Fall

UK-Unemployment-FallQuestion: How much did unemployment fall by in the UK between October and December?

Answer: 60,000 – 31.4 million people are in work, the highest figure since 1971.

According to the Office for National Statistics, unemployment fell by 60,000 in the UK between October 2015 and December 2015. Bringing the unemployment figure down to 1.69 million.

Employment in the UK is at its highest since 1971, with 31.4 million people in work. However, statistician for ONS (Office of National Statistics) Nick Palmer said that growth in employee’s earnings were still increasing at a slow rate. He went on to say “While the employment rate continues to hit new highs and there are more job vacancies than ever previously recorded, earnings growth remains subdued and markedly below the recent peak of mid-2015.”

The number of British people in work increased by 278,000 in the last three months of 2015, bringing the total amount of employed people to 28.28 million. At the same time, the figure for non-UK nationals rose by 254,000, bringing the total to 3.22 million. Wales, the North East and the North West all saw a fall of more than half a percent in unemployment.

There was also a 5.35 million people working in the public sector in September 2015, according to ONS. This figure is down 59,000 from the previous year, making this the lowest figure since 1999.

For comparison, the US managed to push their unemployment rate down to 4.9%, as their economy was able to produce 292,000 jobs in December 2015 and 151,00 jobs in January 2016.

In my opinion, if the government do continue to go in this direction then the unemployment rate can be cut dramatically. However having said that, with the British steel industry under threat and thousands of jobs on the line, tackling the unemployment rate will always be a tough task to take on.

Do you think the government is doing enough to help cut unemployment? Let us know what you think in the comments below.

Leave a Reply

Your email address will not be published. Required fields are marked *