UK employment figures 'a great step forward'

New data revealing that there has been an increase in the number of people in employment in the UK is great news for the country and sign that the labour market is travelling in the right direction, the government has claimed.

Employment minister Chris Grayling made the comments after new figures published by the Office for National Statistics showed that employment rose by 105,000 to stand at 29.23 million in the first quarter of 2012.

According to the data, employment has now been steadily rising since last autumn, and is complemented by another fall in unemployment, which was down by 45,000 on the quarter to stand at 2.63 million.

Mr Grayling said the figures are "a welcome step in the right direction" and noted that there is evidence that the rising numbers of people in employment is starting to feed through into improving unemployment figures.

"However,  we still face significant international uncertainty so we need to hold firm on our current economic strategy and continue to do everything we can to ensure unemployment continues to fall," he added.

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Posted by John Oak and Wayne Bly

Source: The Sales Director News