There are now a record 30.8m people in work in the UK with the employment rate back to pre-recession levels, according to a government statement.
UK Labour Market July to September 2014 figures released today by the Office of National Statistics (ONS) show that 694,000 more people are in jobs compared to this time last year.
The figures from the Office for National Statistics show that 694,000 more people are in jobs compared to this time last year. Employment increased by 112,000 over the last 3 months alone, with the vast majority of the increase coming from people in full-time jobs.
Bernard Brown, partner and head of business services at KPMG, added that while the figures were good news, it “doesn’t necessarily mean British business is back to its best”.
“We are still seeing a slowdown in salary growth and while the reins are being pulled on take home pay, the economy will continue to trot along, rather than gallop.
If we are to tackle long-term unemployment a balance must be found between what employers can afford to pay and what employees can afford to live on.”
Image by J J Ellison