Happy Friday! At last we’ve seen some warm sunny weather this week, which means spring has finally arrived. All of us here at EGB are looking forward spending the weekend in the sun.
Earlier in the week, the Office for National Statistics (ONS) released the employment figures for the quarter Dec 2017 – Feb 2018, so for the blog this week, we will look at how the employment figures have changed since the end of 2017.
ONS have stated that employment figures are continuing to rise, with the employment rate for people aged between 16 – 64 years old at 75.4%, being at its highest since comparable records began in 1971. There are currently 32.26 million people in work, which is 55,000 more than the last quarter. Looking at records from this time in 2017, there are currently 427,000 more people in work, which is considerably higher.
Unemployment figures are also going the right way having dropped by 16,000 people since the last quarter and 136,000 less than this time last year. The unemployment rate has dropped from 4.7% to 4.2% in the last year, being the lowest since 1975.
Other figures that have been released by ONS are estimates showing that average weekly earnings have risen since last year. The average weekly earnings for employees in Great Britain have increased by 2.8% since last April and increased by 0.2% when price inflation is taken into account.
Looking into the public sector, there was a drop of 132,000 people employed, although this is down to the transfer of the English Housing associations to the private sector. Not taking this into consideration the public sector increased by 9,000 in the last quarter and increased by 44,000 over the last year.
It’s great to keep track of the employment figures and follow how they change every quarter and every year. The figures are continuing to go the right way and each quarter we are continuing to see improvements. We love the feeling of helping candidates find new positions, so it’s great to see the employment figures rising.
Have a great weekend.