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Wednesday 17 October 2012

UK employment level hits record high

The level of employment in the UK has reached its highest figure since records began on the subject more than 40 years ago.

New data released by the Office for National Statistics highlighted that the country's employment level hit 29.59 million between June and August 2012.

Not only is this figure an increase of 212,000 people from the figures posted by the government agency between March and May, but it is also the highest since the first analysis was conducted in January-March 1971.

Looking further into the statistics, the number of full-time workers across the UK has jumped by 88,000 over the quarter to reach 21.45 million.

Meanwhile, part-time employment is now set at 8.13 million – an increase of 125,000 individuals when compared to the period between March and May of this year.

Minister for Employment Mark Hoban commented: "Despite the tough economic times, the private sector continues to create jobs and our welfare reforms are encouraging people to return to work - with 170,000 fewer people on the main out-of-work benefits than in May 2010."

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Posted by Richard Esquilant

Credit: Salespeak News

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