The latest labour market data shows the biggest drop in unemployment since records began, with more than 30 million people employed in the UK. 18/10/2012
Office for National Statistics (ONS) figures state that the employment for those aged 16-64 in June to August 2012 was 71.3%, up 0.5% compared to the previous three months.
In the same period there were 29.59 million people in jobs aged 16 and over, up 212,000 from March to May 2012, which could prove positive news for graduates looking for work.
Minister for employment Mark Hoban said, ‘It's a real landmark to see more people in work than ever before. Despite the tough economic times, the private sector continues to create jobs,’
‘The big fall in youth unemployment is particularly welcome, but we know this remains a challenge, which is why we have the £1billion Youth Contract in place,’ added Mr Hoban.
The youth project was announced in April this year and aims to provide extra help to youngsters who are looking to start work.
The next three years will see funding provided to create opportunities for young people through work experience, placements and apprenticeships.
The ONS figures showed that youth unemployment fell by 62,000 to 957,000, the lowest number for over a year.
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