Thanks to the Learning and Work Institute for allowing us to share their analysis.
19 October 2016
- Unemployment is 1,656,000, up 24,000 from last month’s published figure (quarterly headline up 10,000) and the unemployment rate is 4.9%, no change on last month and no change on last quarter.
- The number of claimant unemployed is 776,400, up 700 on last month, and the claimant rate is 2.3%.
- The number of workless young people (not in employment, full-time education or training) is 1,019,000, up 6,000 on the quarter, representing 14.2% of the youth population (up 0.1 percentage points).
- Youth unemployment (including students) is 624,000, up 7,000 on the quarter.
- There are 2.2 unemployed people per vacancy. Learning and Work Institute estimates this figure may rise next month.
- The employment rate is 74.5% (no change on last month’s published figure and up 0.1 percentage points in the preferred quarterly measure).
“Youth unemployment is showing a quarterly rise, concentrated among the 18-24. Long-term youth unemployment has also ticked up, among those 6-12 months unemployed. There are 624,000 unemployed young people, and 414,000 (5.8% of the youth population) who are unemployed and not in full-time education.
The proportion of unemployed young people (not counting students) who are not claiming Jobseeker’s Allowance and therefore are not receiving official help with job search is now 59.7% and has risen by more than 20 percentage points since October 2012.
A total of 67,000 were counted as in employment while on ‘government employment and training programmes’, where the Office for National Statistics continues to count Work Programme (etc.) participants as ‘in employment’ by default. This number fell 27,000 this quarter. Self-employment rose 7,000 this quarter and returned to last quarter’s record proportion of employment. Employee numbers rose 121,000 in the quarter. Involuntary part-time employment fell this quarter by 42,000 to 1.1 million, 13.5% of all part-time workers.The proportion remains nearly double that in 2004.”
See Learning and Work Institutes full analysis and graphics here.
