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UK created all-time record 345,000 jobs in February-April

Published time: June 11, 2014 16:10
Reuters / Kevin Coombs

Reuters / Kevin Coombs

Growth in UK employment reached an all-time high with 345,000 more people in work from February to April, compared to the previous quarter. It’s the strongest increase since 1971, when records began, data from Office for National Statistics (ONS) shows.

The total number of working people reached 30.54 million, as the unemployment rate fell to a 5 year low of 6.6 percent, with puts a total of 2.16 million out of work, the report says.

Meanwhile the single-month figures show the April’s jobless rate was even lower - to 6.4 percent, the youth unemployment, which covers people aged from 16 to 24, accounted for 853,000.

Prime Minister David Cameron tweeted that the government had reached a "major milestone" in its long term economic plan.

The quarterly rate of earnings growth, including bonuses, slowed to 0.7 percent from 1.9 percent the previous month. That happened partly due to a delay in bonus payments, the ONS said. Excluding bonuses, pay rose by 0.9 percent.

The Bank of England is holding the interest rate at a record-low of 0.5 percent until the employment situation gets better.

Policy makers will no doubt want to be sure that pay growth is picking up substantially before making the first move in tightening policy,” Bloomberg quotes Chris Williamson, the chief economist at Markit in London. “But today’s data will add to expectations the first rate hike will take place this year rather than next.”

Image from ons.gov.uk

Comments (19)

 

Yuri Ivanovich 12.06.2014 19:14

And are these jobs full-time paying enough to support a family on? Doubtful. Just like the jobs in the US. Seasonal and part-time for the most part.

 

revealsins2me 12.06.2014 14:11

as a person subject to the UK job center and employment system i can say this is a complete miss representation of the truth. self employment is used to remove people of the unemployment register despite the fact they have no marketable skills they are tricked into doing it anyway.

i don't know a single person that has not been sanctioned the work programs like avanta simply badger you and belittle you until you miss an interview and get sanctioned.

unemployment in the UK if the truth was told is still what it was in 2008 its just the Tories are better at diddling the figures.

 

Sweyn 12.06.2014 09:42

I must say I have noticed plenty of diverse types in green bibs standing around in train stations looking useless recently. Well done David. You muppet!

View all comments (19)
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