Private sector job gains outstrip loss of public sector posts
An extra 627,000 people are working in the private sector compared to a year ago – significantly outstripping a 128,000 drop in public sector jobs, according to official statistics published today.
For the third successive month the figures also showed a fall in youth unemployment. Excluding full-time students, there are 626,000 unemployed 16 to 24-year-olds, the lowest figure since early 2009.
Long-term unemployment has also fallen, with the number of people out of work for more than six months down by 62,000 and the number of people claiming Jobseekers Allowance for more than six months also down.
Minister for Employment Mark Hoban welcomed the figures from the Office for National Statistics which also show:
- Unemployment fell by 82,000 over the past quarter.
- The number of people claiming Jobseekers’ Allowance fell by 3,000 in the last month.
- There are 44,000 more people in full-time work over the quarter.
Read more in the next edition of Asian Sunday out 16 December 2012