The unemployment rate in the UK has fallen to 7.7% between May and July.
The latest figures, released by the Office for National Statistics, show a drop of 0.1% compared to the previous three months. The number of people unemployed in the UK fell by 24,000 and there are now 2.49 million people out of work across the country.
The number of people working in the UK has now risen to 29.84 million and it’s thought those figures have been given a boost by people going into part time employment. The figures suggest that the number of people in part time employment because they can’t find full time work has doubled in just five years. The number of people working part time increased by 25,000 to 1.45 million people. This is supposedly the highest number of people working part time in the UK in over two decades. The statistics reveal that over 30% of men are working part time because they can’t find full time employment. And four out of five jobs created in the UK are taken by women working under 25 hours per week.
The number of people claiming Jobseeker’s Allowance has fallen dramatically and is now down to 1.4 million, the lowest it’s been for three years.
The figures also looked at overall unemployment in the UK and revealed that the highest rate of unemployment during May, June and July was in the north east of England – with an unemployment rate of 10.4%. The south east was apparently the least affected, with an unemployment rate of 5.8%.