The latest UK labour market statistics from Office for National Statistics (ONS) reveal that UK employment figures have risen to 72% with the corresponding percentage of unemployed falling to 7.4%. In August to October there were 30.05 million people employed in the UK, an increase of 485,000 the same time last year.
The Bank of England recently froze interest rates until unemployment falls to 7%, however these latest figures show employment has risen much faster than they had predicted. This has raised concern over the stability of future economic recovery if interest rates increased earlier than expected.
Out latest labour market infographic gives a snapshot of UK employment and unemployment statistics. (view full size)
Read the full Labour Market Statisics report >
Our Previous Labour Market Infographics
November 2013 | October 2013 | September 2013 | July 2013 | June 2013 | May 2013
April 2013 | March 2013 | February 2013
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<a style="border: none;" title="UK Labour Market December 2013" href="http://macleodassociates.com/blog/posts/2013/december/19/uk-employment-rate-rises-to-72-(infographic)"><img alt="Infographic UK Labour Market December 201" src="http://macleodassociates.com/media/102257/labour-market-dec-2013.png"></a><br/>Infographic by <a title="Macleod Associates" href="http://www.macleodassociates.com">Macleod Associates</a>