Labour Market Statistics
November 13 2013 - The unemployment rate stands at 7.6% - down 0.2% on the quarter and 0.2% down over the year.
29.95 million people were in work in July to September according to the labour force survey (LFS).
The number of people employed was 177,000 higher this quarter and 378,000 higher than last year.
The working age employment rate is 71.8% - up 0.3% on the last quarter and up 0.6% over the year.
ILO-defined unemployment in July to September 2013 was 2.47 million (7.6%) -
down by 48,000 on the previous quarter and down 48,000 on the same quarter last year.
The claimant count for key out-of-work benefits was 1.31 million in October -
down by 41,700 on the previous month and down 266,500 on the year.
Earnings growth over the year in terms of weekly pay to September 2013 (including bonuses) was 0.7%.
Minister for Employment Esther McVey said:
"This government is delivering on its promise to rebalance the economy, promote job creation, and support people to get off benefits and into work.
"Today's figures show that the number of people in work has risen by more than a million under this government, with the growth driven by full-time private sector jobs.
"At the same time, the number of people claiming the main out-of-work benefits has fallen by almost half a million. There's more work to do, and we are not complacent, but these are all very positive signs."
Gerwyn Davies of the CIPD, commented:
"The jobs market continues to shine as we approach the New Year. Increased vacancies, fewer redundancies, and a modest reduction in the unemployment rate offer further signs that the labour market is heading in the right direction
"However, how long this good news will continue remains uncertain. The CIPD's own surveys indicate that demand for labour may soften in the medium-term, with fewer than one in five employers expecting to increase their head count by more than two per cent, even if they see stable economic growth of two per cent or more. Once the current rises in employment have bedded down, we think employers are anticipating a greater focus on reversing the falls in productivity that resulted from lower than expected reductions in employment through the recession. This will place an even greater onus on managers to maintain employee engagement and trust, which is essential if organisations are to get the best from their people.
"It is particularly encouraging to see a big reduction in unemployment amongst 16-24 year olds not in full-time education. However, with nearly one in five in this category still unemployed, government and employers need to maintain efforts to help young people find employment before they and the labour market as a whole are permanently scarred by this waste of talent and opportunity.
"Pay pressures meanwhile remained very subdued and remain almost as weak as at any point since the recession. Public sector employees may be feeling that they are getting a double squeeze on living standards, with basic and total pay falling even before you exclude the inflation effect. Looking ahead, CIPD surveys also suggest that pay will not increase for most workers until the second half of next year at the very least."