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News - 12 June 2014

UK unemployment total falls

 Latest figures from the Office for National Statistics (ONS) have shown that out of work in the UK fell by 161,000 to 2.16 million in three months to April, it now rests at 6.6%. The total number of people out of work is now at its lowest level for more than five years.

 
Tonmoy Kumar, Manager of the Accounts Department of ABDS comments:
“The number of people in work rose by a record 345,000, to 30.5 million, most of which are in full-time employment, with the number of people claiming Jobseeker's Allowance in June falling by 27,400 to 1.09 million. However, the quarterly rate of earnings growth, including bonuses, slowed sharply to 0.7% from 1.9% the previous month. This was largely due to delayed bonus payments.”
 
The continuing improvement in the jobs market in the three months to April was due mainly to jobs created in the private sector.
 
The number of jobs lost in the public sector was 100,000, but much of this was down to the reclassification of employees of Lloyds bank from the public to the private sector. Taking out the Lloyds workers, 11,000 jobs were lost in the public sector.
 
For those who are looking for a more personal approach on a range of business related issues, contact us at ABDS.
 
ABDS Chartered Certified Accountants of Southampton.
Tel: 023 8083 6900 E-mail: abds@netaccountants.net
 
Brilliant with numbers  
Great with people  
Clear and precise with advice
Timely and cost effective
In touch with issues that face our clients
Mindful of our client’s long term strategic goals
 
Helping Your Business is Our Business

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