The number of people in employment increased between February and April this year, meaning a record 30.5 million Brits are now in work, the latest statistics from the Office for National Statistics (ONS) reveal.
According to telegraph.co.uk, the previous record for the biggest increase in employment was set the previous month when 283,000 more people found work. Moreover, unemployment is down too, by 161,000 to just 2.16 million. This means the jobless rate now stands at 6.6 per cent – a dramatic decline from the 7.2 per cent seen in the quarter to January. Unemployment levels are almost as low as they were in the final quarter of 2008, when they stood at 6.4 per cent.
Thanks to the drop in unemployment, now just 1.09 million are claiming Jobseeker’s Allowance (JSA) – a decline of 27,000, reports freshbusinessthinking.com.
John Allan, Federation of Small Businesses (FSB) national chairman, is in favour of those that are choosing to start up their own businesses.
“Today’s fall in the unemployment rate to a five year low is a further positive sign for the economy,” he explains. “The figures provide additional evidence that the structure of the labour market is changing, with continued growth in the number of people who are self-employed and starting up in business.”