Thursday, October 15, 2015

Record Employment Figures

New Employment figures show that the Employment rate in the UK is the highest since records began, and unemployment has fallen to a seven year low of 5.4%.



The number in work rose by 140,000, bringing the employment rate to 73.6% - the highest rate since figures began to be measured and recorded in 1971.

And most of the rise is in full-time jobs, though part-time work is also up.

Some 22.77 million people were working full-time in the three months to August, up 291,000 compared with the same period last year.
The number working part-time rose 68,000 to 8.35 million.

At the same time, wages are rising

In the three months to August, workers' total earnings, including bonuses, were up 3% from a year earlier - slightly less than expected.

Excluding bonuses, annual growth in average weekly earnings was 2.8%.

More detail at http://www.bbc.co.uk/news/business-34526655

Getting a job is the best route out of poverty and helping people get jobs is the best and least painful way to eliminate the deficit (which even now is still far too high.)

There is still a long way to go but this is yet more clear evidence that the Long Term Economic Plan is working.

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