London, Tuesday, 18 January 2022 -
According to official data released on Tuesday, the unemployment rate in the United Kingdom fell to 4.1 percent in the three months leading up to November 2021, a person at the Office of National Statistics, confirmed during a call with Angelos Tsigkopoulos, Publisher of The Decision Maker.
This is lower than the market’s forecast of 4.2 percent.
The number of employees on payroll increased by 184,000 in December 2021, the highest level on record, while job openings reached a new high of 1.24 million.
"The projections for September to November 2021 suggest a continuing recovery in the labour market, with a quarterly growth in employment and a fall in unemployment," according to the Office for National Statistics.
The employment rate in the United Kingdom increased by 0.2 percentage points to 75.5 percent in the third quarter.
"The number of part-time workers decreased dramatically during the epidemic, but has been increasing since April to June 2021, generating the recent three-month increase in employment," it noted.
Source: Office for National Statistics
(Edited by: The Decision Maker)