Fall In UK Unemployment
UK – Official figures have revealed that UK unemployment fell by more than 35,000 during the three months leading to the end of March. After the second consecutive drop, the unemployment rate now stands at 2.36 million.
The figures have been reported by the Office for National Statistics (ONS) who said joblessness amongst people in the 16 to 24-year-old bracket was now at 935,000, meaning around 20 per cent of the country’s youngsters are unemployed. However, the number of people in jobs increased by 118,000 taking the overall figure to 29.24 million. This is encouraging as employment is close to returning to levels seen just before before the recession back in May 2008 when they reached 29.56 million.
Experts are claiming the rise in employment is a sure sign of a strengthening economy, saying the increasing number of full-time jobs on offer is a key factor in creating a sustainable recovery. According to statistics, in the first three months of 2011 the UK experienced economic growth of 5 per cent.
Nevertheless, the number of Jobseeker’s Allowance claimants also rose to 1.47 million in April, an increase of 12,400. Of the additional claimants 9,300 were female – the largest number since October ’96 – and applications from male claimants saw the first increase since January.
Regionally the statistics show wide variations, with London suffering a 6,000 increase in unemployment, along with the North East’s rise of 4,000. However, the South East saw an unemployment drop of 17,000. Wales saw a 10,000 decline in joblessness, whilst in Scotland it fell by 8,000 and in Northern Ireland by 6,000.
In summary, most of the UK is currently seeing employment rising and if this rate of job growth continues the economy is likely to maintain its course towards recovery.
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