Wednesday 10 September 2014

The Office of National Statistics report for April - June 2014 showed UK unemployment rate at lowest for 6 years!


Official figures state the unemployment rate fell to 6.4% in June to April this year, the lowest since late 2008.


The number of people unemployed fell by 132,000 to 2.08 million and the average wage excluding bonuses increased by 0.6% in the year to June, the slowest rise since records began in 2001.

Including bonuses, wages fell 0.2%, the first fall since 2009. The Office for National Statistics said average wage rises were affected by an unusually high number of employees deferring bonus payments until after the top rate of tax was cut from 50p to 45p last year, which have skewed year-on-year comparisons.

The national statistics show that approximately 40% of the increase in employment levels in the UK over the past year was among people who were not born in the UK. The number of UK-born workers increased by 502,000 and the number of workers born overseas went up by 326,000.

Employment from ex soviet countries such as Poland, Lithuania and hungry increased by 178,000 in a year. which is an increase of more than a quarter since they joined the EU in 2004. 

New statistics show that unemployment has now fallen below the eurozone average of 11.5%, though it's still higher than the entire EU average of 10.2%.

To see all the current job opportunities that Kubo Recruitment have in the UK, Europe and the US please visit www.kuborecruitment.com

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