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Labour Market Statistics: Employment rate highest since comparable records began

  16th February 2017       Robert Bond FIRP
 Accounting & Finance, CIPD, Company News, Employment, Executive Search, Human Resources, Office & Commercial, Recruitment

 

Estimates from the Labour Force Survey show that, between July to September 2016 and October to December 2016, the number of people in work increased, the number of unemployed people was little changed, and the number of people aged from 16 to 64 not working and not seeking or available to work (economically inactive) decreased.

The employment rate (the proportion of people aged from 16 to 64 who were in work) was 74.6%, the highest since comparable records began in 1971.

Commenting on today’s publication of labour market statistics by the Office for National Statistics (ONS), Recruitment & Employment Confederation Chief Executive Kevin Green says:

“The employment rate is the highest since records began with 300,000 more people in jobs in the last year. However, employers are struggling to find and retain the people they need to do the jobs available, particularly in sectors like food manufacturing, hospitality and healthcare, which are heavily reliant on EU workers. The latest data shows a small fall in the number of EU nationals working in the UK – if this becomes a trend over the coming months these businesses will feel even more pressure.”

Following these statistics, Bond Williams Professional Recruitment have reported a 25% increase in professional permanent jobs filled in January 2017 compared to the same period in 2016. Robert Bond, Director at Bond Williams says:

“The increase we have seen in job-seekers successfully placed into new roles compared to a year ago shows a growing demand from local employers for new employees to support their business plans for 2017, and the quality of candidates that employers are looking for still remains as high. Companies are no longer focused on just providing a good salary, recognising that employees value flexibility, benefits, and opportunities to progress and shape a successful career is just as important for attracting and retaining the best talent around.”

Our Consultants at Bond Williams would be delighted to help with your next vacancy. Please contact us on 01202 233777 or info@bondwilliams.co.uk for more information.

 

 

Robert Bond FIRP

Director

Rob has a background in Sales and IT recruitment with over 25 years of experience in these sectors. He heads up the IT and Accountancy Divisions of Bond Williams and is also responsible for Bond Williams internal Operations and Finance. Alongside Claire, he is responsible for the overall growth and …


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