| You are in: Business | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wednesday, 18 December, 2002, 10:50 GMT UK employment at all-time high ![]() Economists fear unemployment is still on the rise More people are working in Britain than ever before thanks to a rise in part-time jobs, according to official figures. The Office for National Statistics (ONS) said almost 28 million people were now employed in Britain, an all-time high. The figures for November also suggested the number of jobseekers claiming benefits had dropped to the lowest level since 1975. However, the government's Labour Force Survey (LFS) showed an ongoing rise in the number of people out of work but not claiming benefits. Part-time help The ONS figures said the so-called "claimant count" for people collecting unemployment benefits fell by 6,200 in November, to its lowest level since September 1975.
The jobless rate remained unchanged at 3.1%. The ONS also suggested 27.8 million Britons were now in work, thanks largely to an increase of 110,000 part-time workers. However, the number of full-time workers fell by 5,000 and the government's LFS also suggested unemployment was actually on a rising trend. Average earnings dipped accordingly, down 3.7% in the year to October. Falling trend The LFS showed unemployment rose to 1.53 million in the three months to October, an increase of 19,000. "This measure has been showing an upward trend for months," said an economist, raising fears that the number of people claiming benefits could also be on the rise in the coming months. The manufacturing industry has continued to experience the brunt of the gloom, with 161,000 jobs cut in the three months to October. The biggest losses came in the electrical and optical equipment sectors. "The big picture remains that the labour market is still tight but that growth in earnings is still very benign," said David Page at Investec Bank. |
See also: 12 Dec 02 | Business 13 Dec 02 | Business 12 Nov 02 | Business 12 Nov 02 | Business 07 Nov 02 | Business 16 Oct 02 | Business Internet links: The BBC is not responsible for the content of external internet sites Top Business stories now: Links to more Business stories are at the foot of the page. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Links to more Business stories |
![]() | ||
| ---------------------------------------------------------------------------------- To BBC Sport>> | To BBC Weather>> | To BBC World Service>> ---------------------------------------------------------------------------------- © MMIII | News Sources | Privacy |