Employment Stats – Feb 2018
We’ve had a very productive week this week and since the small changes that were made around the office (mentioned in last week’s blog), both Alex and Ellie have settled into their new positions nicely and have got stuck into the new work. How has everyone else’s week been? Have you been applying for any of our open roles? Don’t forget to check our website every day, as we receive new roles daily.
This week our blog will be looking at the update on employment statistics that have been released in the last week. Back in September last year we published a blog looking at the employment stats for the period: May – July 2017. Last week the Office for National Statistics released the figures for Sep – Nov 2017, so we will be looking at these to see how they have changed since the last quarter.
During Sep – Nov last year the employment rate (ages 16 – 64) was at 75.3%, the same as during the time period May – July 2017. Although there were 32.21 million people in work, which was 102,000 more than the previous months. Breaking it down into genders, 79.9% of men aged from 16 to 64 were in work, which is the highest employment rate for men since 1991, whilst 70.8% of women aged from 16 to 64 were in work, the joint highest since comparable records began in 1971.
The unemployment rate did not change much at all to the earlier months last year, remaining at 4.3%. This quarter we actually saw the number of people economically inactive drop by 79,000 totaling 8.73 million.
Although the figures haven’t changed too much since the last quarter, the results are still heading in the right direction, with employment on the rise and unemployment shrinking. The graph below shows how the figures have changed in the last quarter and against how they have changed in the last year.
(Source: Labour Force Survey, Office for National Statistics)
Also looking into the Public Sector stats (as the majority of our roles are through the public sector) since the last quarter there are 19,000 more people employed in the public sector and 21,000 more than the previous year.
It is always interesting looking at employment stats to see how things have changed over the past quarter and the last year. It is great to see that the employment rate is still climbing, bringing more and more people back into work every year. Later in the year we will take another look at how the stats have changed again and whether the employment rate is still on the rise.
Have a great weekend!