Employment is up more than half a million on a year ago, with unemployment down more than 100,000 in the past 12 months, the latest labour market stats reveal.
The headline figures are:
• The employment rate for those aged from 16 to 64 was 71.2 per cent, up 0.2 on April to June 2012 and up 1.0 on a year earlier. There were 29.58 million people in employment aged 16 and over, up 100,000 on April to June 2012 and up 513,000 on a year earlier.
• The unemployment rate was 7.8 per cent of the economically active population, down 0.2 on April to June 2012 and down 0.4 on a year earlier. There were 2.51 million unemployed people, down 49,000 on April to June 2012 and down 110,000 on a year earlier.
• The inactivity rate for those aged from 16 to 64 was 22.6 per cent, down 0.1 on April to June 2012 and down 0.7 on a year earlier. There were 9.07 million economically inactive people aged from 16 to 64, down 25,000 on April to June 2012 and down 285,000 on a year earlier.
• Total pay (including bonuses) rose by 1.8 per cent compared with July to September 2011. Regular pay (excluding bonuses) rose by 1.9 per cent compared with July to September 2011.
We will have more detailed analysis later today on Left Foot Forward.
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