There was more mixed news on employment from the Office of National Statistics June release.
The broader International Labour Organisation measure of unemployment grew again by 23,000 in the three months to April, to reach 2.47 million This was balanced by some good news, as the numbers claiming Jobseekers Allowance again declined, by 30,900, to reach 1.48 million in May.
The employment rate fell slightly to reach 72.1 per cent over the quarter, while total employment grew marginally, by 5,000. This overall figure however masks the loss of 56,000 full-time jobs, offset by a growth of 61,000 part-time workers. The number of workers who are working part-time because they couldn’t find full-time employment is 1.08 million, the highest since comparable records began in 1992.
The number of vacancies for the three months to May grew very slightly, up by 7,000, while private sector employment grew by 12,000 in the three months to March... read more
Institute for Employment Studies
June 10
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