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Latest News

Jobless figures continue to buck recessionary trend

by Personnel Today 12 Sep 2001
by Personnel Today 12 Sep 2001

Unemployment
has fallen to its lowest level for 25 years.

The
jobless rate has continued to fall despite the impact of the recession on the
UK’s manufacturing sector, official figures showed today.

The
Office for National Statistics says the number of people claiming benefit fell
by 6,000 last month to 945,600, the lowest figure since October 1975.

It
had been thought a raft of job cuts, particularly in the tech and telecoms
sectors, would show in the figures.

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But
data shows that while the manufacturing sector employed 37,000 fewer people,
there was a 31,000 rise in the financial services workforce and a 27,000
increase in public administration, education and health.

The
jobless rate remained at 3.1 per cent in August, the ONS claimed.

Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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Personnel Today
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