The unemployment rate remains at an 11 year low…
According to the Office for National Statistics (ONS), UK unemployment fell 16,000 to 1.62m in the three months leading to October.
The unemployment rate held steady at 4.8 per cent in the same period.
The average weekly earnings excluding bonuses also saw a 2.6 per cent rise in the year to October, this is slightly higher than the previous month.
The UK has the lowest unemployment rates in the European Union.
John Salt, Group Sales Director, totaljobs, said, “It’s great to see that as we catapult towards the end of 2016, the job market continues to go from strength to strength. The confidence of businesses to keep on hiring has certainly been echoed in our recent Totaljobs Employment Index, which found that jobs posted on the totaljobs website were up 15 per cent year-on-year in November, while applications soared 31 per cent.”
“We all know it’s been a tumultuous year for recruitment, with a number of landmark decisions shaking the industry. In a world where nothing seems to be certain, there’s one thing we can count on – next year promises to be just as challenging. With the introduction of the Apprenticeship Levy, the new requirements around identifying the Gender Pay Gap, and, of course, the triggering of Article 50, employers will need to anticipate and adapt to the changing territory.”