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Unemployment falls at fastest rate for a decade

Unemployment in the UK is falling faster than it has in over a decade. 

New figures from the Office for National Statistics (ONS) show that the number of unemployed Brits fell by 88,000 in the three months to April, which represents the biggest drop since August 2000.

The results show that youngsters are showing the biggest improvement in finding work, with the amount of unemployed people aged between 16 and 24 dropping by 79,000.

Furthermore, the ONS figures show that the number of people in interim jobs has increased by 10 per cent, compared to the previous year. 

HR Magazine reports that industries such as accounting, finance and education were some of the industries responsible for the upturn in employment.

Employment minister, Chris Grayling, was delighted with the figures but claimed that there was a lot more work to do in order to further shrink the unemployment rate, which now stands at 2.43 million.

Speaking to The Daily Telegraph, he said: "This is another encouraging set of figures and a very welcome drop in unemployment. It's also good news that employment is going in the right direction, with half a million more people in private sector jobs compared to this time last year.

"The fall in the number of unemployed young people also means that the total is now lower than it was before the General Election."

Posted: 29 November 2012 15:12:00
Filed under: Randstad Interim Executives News
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