UK Labour Market Statistics April 2010

Headline Statistics relating to the period December 2009 to February 2010

• UK Employment Rate 72.1% (total of 28.82 million people unemployed)
• UK Unemployment Rate 8% (total of 2.50 million people unemployed
• Inactivity Rate 21.5% (8.16 million people of working age inactive)
• Total Pay (Including Bonuses) Increased by 2.3% on the same period last year
• Regular Pay (excluding Bonuses) Increased by 1.7% on the same period last year

Commenting on the Statistics, Kevin Green, Chief Executive of the Recruitment and Employment Confederation said that “Despite positive figures in the last three months, it is clear that the jobs market is fragile. However, it is important to note that these figures are a lagging indicator of our dynamic labour market. The latest feedback from employers and recruiters  confirms an increase in confidence and more hiring activity. The latest JobsOutlook survey shows that 96 per cent of employers expect to maintain or grow their workforces over the next three months. Based on the data available, we predict that unemployment has peaked and that we will see a small reduction in the number of unemployed over the next quarter. The outlook for jobs market will then become dependent on how the incoming Government implements public sector constraints. We are stressing that whoever wins the election needs to focus on reform of public services rather than on simply slashing jobs.”

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