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The job market - an update


The last three months of 2016 have seen somewhat of a slow down in terms of employment and an increase in the claimant count, but it’s not all doom and gloom as it has also resulted in the lowest unemployment rate in 11 years at 4.8%.

There has been a fall in the number of people who are long-term unemployed (-31,000) and a healthy decline in youth unemployment, with 34,000 more 16-24 year olds in work than in the previous quarter.

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Wage growth has increased slightly, with annual regular pay growth having reached 2.6%, however as prices have raised more quickly the overall real earning growth is 1.7%.

While uncertainty remains as to exactly what 2017 will bring in terms of the economy and overall development, the signs are looking quite encouraging in terms of the job market and those looking for a new role.

Remain positive!

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For further details you can take a look at the CBI December Labour Market Update.


Author

Lynne Kelly

Lynne is our marketing manager and has worked in communications for more than 10 years. A proud Dub, (*Dublin, Ireland*), she has lived in the UK for over 6 years with most of this time spent living in sunny Brighton. New to Leeds, she is learning the Yorkshire way, although it is not diluting her accent at all. She talks about all things Network Marketing and The Book Recruitment, a lot, and via many channels!

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