Filed under Press releaseTuesday, 13 November 2018
REC – Record vacancies highlight UK businesses’ need to innovate to attract staff
The unemployment rate was 4.1%, slightly higher than for April to June 2018 but lower than for a year earlier (4.3%). There were 1.38 million unemployed people, 21,000 more than for April to June 2018 but 43,000 fewer than for a year earlier. There were 32.41 million people in work, 23,000 more compared with April to June 2018 and 350,000 more than for a year earlier.
Recruitment & Employment Confederation (REC) director of policy, Tom Hadley commenting on ONS figures:
“UK businesses will need to work with recruitment partners to innovate and review current hiring strategies – particularly, with regards to reaching out to under-represented groups. At the same time, the case for a pragmatic, evidence-based immigration strategy that reflects staffing needs across all sectors has never been clearer. It is critical that there is a comprehensive mobility deal with the EU post-Brexit, so firms have the capacity to invest and grow here in the UK.”
Notes to Editors
2. Our model predicted the unemployment rate would fall to 3.9% and that there would be a fall in unemployment of 39,000 in the three months to September.
3. The unemployment rate (the number of unemployed people as a proportion of all employed and unemployed people) was 4.1%, slightly higher than for April to June 2018 but lower than for a year earlier (4.3%). There were 1.38 million unemployed people (people not in work but seeking and available to work), 21,000 more than for April to June 2018 but 43,000 fewer than for a year earlier. The economic inactivity rate (the proportion of people aged from 16 to 64 years who were economically inactive) was 21.2%, unchanged compared with April to June 2018 but lower than for a year earlier (21.6%).
4. Latest estimates show that average weekly earnings for employees in Great Britain in real terms (that is, adjusted for price inflation) increased by 0.9% excluding bonuses, and by 0.8% including bonuses, compared with a year earlier.
6. Jobs transform lives, which is why we are building the best recruitment industry in the world. As the professional body for recruitment we’re determined to make businesses more successful by helping them secure the people they need. We are absolutely passionate and totally committed in this pursuit for recruiters, employers, and the people they hire. Find out more about the Recruitment & Employment Confederation at www.rec.uk.com