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Insight & Opinion

UK employment hits record high

Author: Luke

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Official figures from the Office for National Statistics (ONS) have shown that employment in the UK has reached a record high.

The data shows a substantial increase in employment in Q4 2012, rising by 154,000 on the previous quarter.

The rise has taken the number of people in work to around the 30m mark – the highest level recorded since records began in 1971.

Coinciding with the rise in the number of people employed in the UK, there has been a decline in the number of people claiming jobless benefits. The number of claimants has fallen by 13,000 to 1.4 million for three consecutive months, representing the lowest decline since June 2011.

The ONS also states that the number of jobless dropped by 14,000 in Q4 2012 to 2.5 million.

In total, the ONS figures revealed that there were 29.73 million people in the UK in employment, of which 73% were working full-time and 27% were working part-time.

Positive news for the UK’s economy, the rising number of people employed in the UK has been hailed by experts as a good indicator that the country’s economy is starting to pick up.

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