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News - 17 October 2013

UK Jobless total falls

New figures released by the Office for National Statistics (ONS) show that the number of unemployed fell by 18,000 in the June-August period to 2.49 million, and also that the number of people claiming Jobseeker's Allowance last month fell by 41,700 to 1.35 million.

The number of people in work, both full-time and part-time, reached a record high of 29.87 million in the quarter, up 155,000.

However, the ONS also look at employment trends and their findings show that almost 1.5 million people were part-time because they could not find full-time jobs, the highest figure since records began in 1992.

Job vacancies also rose by 6,600 in the period to 541,000, the highest for five years.

Lavinia Newman, founder of ABDS comments:
“There was a sharp difference in the number of men and women in part-time employment, with male part-timers increasing by 21,000 and women in part-time work falling by 13,000.  But more women were finding full-time work than men, with male full-time employment up by 69,000 compared with a rise of 79,000 for women.”

The number of people unemployed for more than a year fell by 15,000 to 900,000. Those without work for between six months to a year rose by 29,000 to 446,000, but there was a fall of 32,000 people unemployed for up to six months, leaving 1.1 million in that position.

For those who are looking for a more personal approach on a range of issues, including Business strategy, business recovery, sale or acquisition, VAT and all other tax strategies, contact us at ABDS.

ABDS Chartered Certified Accountants of Southampton.
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