UK employment reaches all time high
UK employment figures have reached an all time high with over 30 million people now working in Britain, a study has highlighted.
This was revealed by the Office for National Statistics (ONS) and has also shown that unemployment has dropped to 7.6 per cent from 7.7 per cent in the three months to September, hitting its lowest point since May 2009.
The total number of people employed in Britain is the highest it has been since records began in 1971, with employment figures up 177,000 in the third quarter of 2013. On top of this, average earnings in the UK also increased by 0.7 per cent, based on figures from the same time in 2012, independent.co.uk reports.
The UK’s unemployment rate of 7.9 per cent is lower than the European Union’s average of 11 per cent, with the highest levels of unemployment remaining in Greece and Spain.
Esther McVey, minister for employment, told telegraph.co.uk that the government is delivering on its promise to regain balance in the economy, promote job creation and support people to get off benefits and into work.
Ms McVey said: “Today’s figures show that the number of people in work has risen by more than a million under this government, with the growth driven by full-time private sector jobs.”