Big fall in unemployment

The ONS has just released the latest unemployment figures and they are good news, both for Britain and for the people who have found work.

Unemployment down by 24,000 in the month - the 14th consecutive monthly fall - and by 157,000 in the last three months.

Employment is now at a record-breaking 30.15 million and is up 280,000 over the last quarter - the biggest quarterly rise on record and the largest number of people aged 16 or over in work on record. There are now 450,000 more people in work than a year ago.

ONS statistics available here.

Comments

Tim said…
Wow ! I wonder how many more jobs we'd have if we put a punitive tax on outsourcing jobs abroad !
7:07 pm
Chris Whiteside said…
As it isn't possible to go back and rerun history with such a tax in place it is impossible to be certain.

For what it's worth I suspect if we could do that we'd find some more jobs in some parts of Britain from greater insourcing but lose other jobs because of lower inward investment, which that sort of regulation tends to discourage.

The net impact on employment might be quite small.
9:12 am
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