Another week done which means it is time for another blog. It is interesting writing the blog each week as I get to learn new facts, or improve my knowledge on previous topics. Hopefully it is the same for you reading the blog every week. I thought this week we would look into UK employment statistics and see how stats have changed in recent years, as the Office of National Statistics have released their September updates with figures from May – July 2017.
UK employment has been up and down but recently we have seen 2017 being the highest employment rate since the comparable records began back in 1971. The stats are based on people aged between 16 and 64 and it shows that the employment rate has risen 4.2% in 5 years. In 2012 the employment rate was at 71.1%, whereas 5 years later in 2017 it is currently at 75.3%.
Between May – July 2017, 32.14 million people were in work which is 181,000 more people than earlier in the year between February – April 2017, and 379,000 more than in 2016. It’s great to see that the number of people in employment is rising and with these numbers increasing, it means that unemployment rates will have dropped. The unemployment rate is currently at 4.3% which is the lowest it has been since 1975.
As we deal with a lot of public sector work, I thought it would be interesting to look at public sector employment stats. In June 2017, public sector employment was at 5.440 million which is 14,000 higher than 2016. Although out of every person in work, only 16.9% were public sector employees, which is the lowest percentage since 1999 when the comparable records began. Public Sector employment may have a low employment percentage but private sector employment reached a record high of 26.696 million in June 2017 which is 365,000 higher than 2016. It is very interesting looking into these figures and seeing how a year can make a difference.
We like to mix up the blog each week and write about different topics, such as sharing updates that have happened within EGB, helpful blogs on the recruitment process, frequently asked questions, updates that have been in the news, and more. What blog topics do you enjoy seeing from us? Or what topics would you want to see more of? Let us know in the comments.
Have a great weekend,