Labour Market Statistics headlines

From last weeks’ Labour Market Statistics

Unemployment
• Between August and October 2014 there were 1.96 million unemployed people.
• This was 63,000 fewer than the previous quarter, the smallest quarterly fall since July to September 2013.
• Unemployment has fallen by 455,000 compared to a year ago.
• The unemployment rate was 6.0%. This is a fall from 6.2% on the previous quarter and a fall from 7.4% a year ago.

Total employment
• Between August and October 2014 there were 30.80 million people in work.
• This was 115,000 more than for May to July 2014 and 588,000 more than for a year earlier.

Claimant count
• In November 2014 there were 900,100 people claiming JSA.
• This is a fall of 26,900 on the previous month and a fall of 368,000 on the previous year.

Youth unemployment
• This currently stands at 754,000.
• The youth unemployment rate is 16.6% – this was unchanged from May to July 2014 and down from 20.7% for a year earlier

Women’s unemployment
• This currently stands at 866,000
• This is a fall of 31,000 on the quarter and a fall of 192,000 on the year

Part-time workers who can’t find a full time job
• This currently stands at 1.139 million.
• This is a fall of 21,000 on the quarter and a fall of 148,000 on the year.

Pay
• Comparing August to October 2014 with a year earlier, pay for employees in Great Britain increased by 1.4% including bonuses and by 1.6% excluding bonuses.
• Looking just at the single month change (i.e. October 2013 to October 2014) total pay (including bonuses) grew by 1.8% and regular pay (excluding bonuses) grew by 1.8% as well.

Long-term ILO unemployment (12 months +)
• This currently stands at 684,000
• This is a fall of 40,000 on the quarter and a fall of 191,000 on the year.

Long-term ILO unemployment (24 months +)
• This currently stands at 376,000
• This is a fall of 23,000 on the quarter and a fall of 70,000 on the year.

Long-term youth unemployment (ILO, 12 months +)
• This currently stands at 213,000
• This is a rise of 15,000 on the quarter but a fall of 59,000 on the year

Long-term claimant count (24 months +)
• This currently stands at 149,400
• This is a fall of 4,000 on the month and a fall of 49,900 on the year.

Long-term youth claimant count (12 months +)
• This currently stands at 31,400
• This is a fall of 2,100 on the year and a fall of 29,500 on the year.
• Since May 2010 this figure has increased by 11%.

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