Unemployment at 7.8% as half a million get to work
12 December 2012
The unemployment rate for the period August to October 2012 was 7.8%, down by 0.2% on the previous three month period and 0.5% on a year before, shows newly-released Office for National Statistics data.
Wed, 12 Dec 2012
The unemployment rate for the period August to October 2012 was 7.8%, down by 0.2% on the previous three month period and 0.5% on a year before, shows newly-released Office for National Statistics data.
The number of people in work, at 29.6m, was up by 499,000 on a year earlier.David Kern, chief economist at the British Chambers of Commerce comments: “Once again, we are seeing encouraging labour market figures, with unemployment down and employment up. Today’s figures overall are positive and support our assessment that the UK economy will grow over the next year, albeit at a modest pace.”
He adds: “The further increase in private sector employment supports our view that British businesses are able and willing to drive recovery at a time when the public sector will inevitably continue to shrink.”
Yesterday, recruiter Manpower's Employment Outlook Survey showed the strongest confidence to hire amongst UK businesses since the start of the recession.
Meanwhile, Recruitment & Employment Confederation (REC) chief executive Kevin Green notes: “All our data suggests that employer confidence is genuinely bouncing back with businesses feeling more encouraged to hire.” The REC's most recent Report on Jobs, released on Monday (10 December) saw both temp and permanent placements rise at their fastest rates in over a year and a half in November.
The unemployment rate for the period August to October 2012 was 7.8%, down by 0.2% on the previous three month period and 0.5% on a year before, shows newly-released Office for National Statistics data.
The number of people in work, at 29.6m, was up by 499,000 on a year earlier.David Kern, chief economist at the British Chambers of Commerce comments: “Once again, we are seeing encouraging labour market figures, with unemployment down and employment up. Today’s figures overall are positive and support our assessment that the UK economy will grow over the next year, albeit at a modest pace.”
He adds: “The further increase in private sector employment supports our view that British businesses are able and willing to drive recovery at a time when the public sector will inevitably continue to shrink.”
Yesterday, recruiter Manpower's Employment Outlook Survey showed the strongest confidence to hire amongst UK businesses since the start of the recession.
Meanwhile, Recruitment & Employment Confederation (REC) chief executive Kevin Green notes: “All our data suggests that employer confidence is genuinely bouncing back with businesses feeling more encouraged to hire.” The REC's most recent Report on Jobs, released on Monday (10 December) saw both temp and permanent placements rise at their fastest rates in over a year and a half in November.
