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Employment rate

UK Employment Rate Soars to 74.2%!

According to the Office of National Statistics (ONS), the 1st quarter of 2016 showed that there are over 31.6M people employed and unemployment is at 5.1%; more people are in work than ever before. Considering women, the employment rate hit a record high of 69.2%, their wages increased over 2% and around 745,000 positions were available in the market.

Comparing the figures between Q4 2015 and Q1 2016, the Freelancer and Contractor Services Association (FCSA) acknowledged the significance of contingent work since self-employment increased by 20,000 people and temporary workers increased by 28,000.

Julia Kermode, CEO of the FCSA, points out that the UK government must support the flexible workforce, instead of penalising it with prohibitive legislation, since it contributes enormously to the economy.

Employers can’t help but wonder how an economic turmoil, such as a possible Brexit, would affect the labour market and how the Government will support sectors in danger. Even though the recruitment industry is the first runner-up to encounter these effects, UK businesses seem to maintain steady job growth. This reassures a strong labour market and gives room for more jobs to be created.

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