Tuesday, 17 August 2010

UK Unemployment down but so are the Average Earnings

It was reported on August 12th that UK unemployment figures dropped 49,000 in March, April and May of this year BUT figures also showed that the average earnings has also slowed in the same period leading up to June.

Employment rose by 184,000 which makes it the largest hike of its kind since the same period in 1989. The employment figures spiked as the number of part time workers increased by a further 115,000 which suggests that job hunters are finding it more difficult to find full time work currently.

However the Office for National Statistics showed that the number of Full time employment also rose by an impressive 68,000 over the same period leading up to June 2010.

These figures demonstrate the 6th successive drop in the claims for Job seeker's Allowance (a drop of 3,800 approximately) which has surprised analysts who did not anticipate such a drop.

The Employment Minister , Chris Grayling confirmed that the numbers showed a "step in the right direction" and went on to admit " we do not underestimate the scale of the economic challenge we face". "The fact that there are still 5 Million people on out of work benefits underlines the scale of Britain's welfare challenge and shows we are right to radically overhaul our welfare system."

There was further cause for concern when when a survey of Employers done by Chartered Institute of Personnel and Development showed that a third intended to cut jobs in the next 3 months.

No comments:

Post a Comment

Note: only a member of this blog may post a comment.