Positive job figures point to continued recovery

18th November 2014

In the three months to September 2014, employment rose by 112,000 compared with the previous three months Unemployment fell by 115,000 compared with the previous three months The unemployment rate was 6.

0%, down from 6.3% in the previous three months, and the lowest since late 2008 Youth unemployment was 16.2%, down from 16.9% in the previous three months Pay including bonuses was 1.0% higher than a year earlier, while pay excluding bonuses was 1.3% higher than a year earlier Commenting on the latest labour market statistics for November 2014, published today by the ONS, David Kern, Chief Economist at the British Chambers of Commerce (BCC) said: -These figures highlight once again that the UK labour market remains strong, and that the pace of economic growth continues at a steady pace. Pay rises have increased but remain weak, and living standards are still under pressure. Despite this, these figures suggest that there is considerable scope for the economy to continue expanding steadily. Both the MPC and the government must make every attempt to counter signs of a slowdown and next month's Autumn Statement will be an opportunity for the government to take bold action and support growth and enterprise.    

You might also be interested in

Local Businesses List Cleanliness, Safety and Retail As Their Top Priorities For Improvement in South Yorkshire’s Civic Centres

Mon 8th July 2024

Safety, cleanliness and the quality of retail have all been cited by South Yorkshire businesses as top priorities for their local urban cores. This is according to the recently-published findings of the Town and City Centre Survey.

BCC Quarterly Economic Survey: Business Confidence Continues To Tick Up in Q2

Mon 8th July 2024

The BCC’s Quarterly Economic Survey – the UK’s largest and longest-running independent business survey – shows measures of business confidence and business conditions slightly improved in Q2 2024, albeit from a very low base.

Bank Seeks Further Evidence Before Rate Cut

Mon 1st July 2024

David Bharier, Head of Research at the British Chambers of Commerce reacts to the Bank of England’s latest interest rate decision


Mon 1st July 2024

Director General of the BCC, Shevaun Haviland, has urged the next Government to stop treading on eggshells around trade with the EU if it wants to grow the UK economy.