Welcome to the latest on the UK labour market, covering the period March to May 2013.
Firstly looking at employment, the number of people in employment has been rising on the quarter and the year, so that in March to May 2013, 29.71 million people aged 16 and over were in work. This is a rise of 16 thousand on the previous quarter and 336 thousand on the year. 71.4% of people aged 16 to 64 were employed.
Turning to those not employed but seeking work i.e. the unemployed, overall unemployment is down on the quarter and the year. In March to May 2013, 2.51 million people aged 16 and over were out of work but seeking and available to work. This was a fall of 57 thousand on the previous quarter and a fall of 72 thousand on the number unemployed in March to May 2012. 7.8 per cent of the labour force aged 16 and over could not find a job.
Moving on to consider the duration of unemployment:
This chart shows the majority of those looking and available to work have been out of work for up to 1 year, this figure stood at 1.59 million in March to May 2013. However 915 thousand people had been without work for over 1 year. This is the highest number since 1996.
Considering changes in these numbers on where they stood one year ago, the number unemployed for up to 1 year has fallen by 104 thousand, but the number unemployed for over one year has risen, by 32 thousand.
Therefore we can see that over the past year total unemployment has fallen but there has been an increase in those looking for work for more than one year.
Focusing on those people seeking work and claiming benefits principally because they are not in work:
1.48 million people aged 18 and over were claiming Jobseeker’s allowance in June 2013, a benefit related to looking for work. This is the lowest number since March 2011 and it follows a fall of 21 thousand on the previous month and a fall of 118 thousand on the previous year. Around two thirds of claimants were men.
Finally considering those not employed and not seeking work (i.e. those not in the labour force), 9.04 million people aged between 16 and 64 were either not looking for work or not available to work in March to May 2013. This is a rise of 87 thousand on the previous quarter but a fall of 144 thousand on the year. Considering these figures as a rate, 22.5% of people aged 16 to 64 were not in the labour force.
That was the latest on the UK labour market.