Unemployment rate drops below 7%

Unemployment has dropped below 7% for the first time since the recession and employment has seen the biggest annual jump in a generation, figures published by the Office for National Statistics (ONS) today (16 April) show.
Wed, 16 Apr 2014
Unemployment has dropped below 7% for the first time since the recession and employment has seen the biggest annual jump in a generation, figures published by the Office for National Statistics (ONS) today (16 April) show.

Unemployment fell by 77,000 in the last three months to 2.2m, taking the jobless rate to 6.9% for the first time since 2009.

In the largest annual rise in nearly 25 years, the number of people in a job rose by 691,000, bringing the record number of people in work to 30.39m.

The Recruitment & Employment Confederation (REC) chief executive officer Kevin Green says: “The latest jobs figures are fantastic news for the recruitment industry and show that the jobs market is improving and that wage growth is returning.

“The ONS figures are supported by the REC’s Report on Jobs that shows that there is growth across all sectors and all regions. This provides recruiters with the perfect back drop to expand their businesses.”

The number of people in work has increased by 1.5m since 2010 – over a million of these jobs are full-time – and the employment rate is now 72.6%.

Neil Carberry, the Confederation of British Industry (CBI) director for employment and skills, says: “This is a positive set of figures which shows again that our flexible jobs market works. Firms are hiring at a faster pace, the number of people out of work is at a five-year low and the majority of new jobs are full-time.”

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