Five questions answered on the recent fall in unemployment
Down by 57,000 to 2.51 million.
The latest unemployment figures released today from the Office for National Statistics show that unemployment has fallen. We answer five questions on the drop.
How much is unemployment down by?
According to today’s figures unemployment is down by 57,000 to 2.51 million in the three months to May.
Jobseeker’s Allowance claimants fell in June by 21,200 to 1.48 million – the first fall below 1.3 million for nearly three years.
Regionally, London saw a 16,000 fall in unemployment to 368,000, and the South East saw a 20,000 fall to 286,000.
Overall, the number of people in employment rose by 16,000 to a total of 29.7 million.
How has youth unemployment faired in the statistics?
Very well. Youth unemployment fell by 20,000
Is it all good news?
Not quite. The number of long term jobless has hit a 17-year high, with 915,000 people being out of work for more than a year. This is an increase of 32,000 and the highest total since 1996.
Just over 460,000 people have been jobless for more than two years, the highest figure since 1997, and the number of people classed as economically inactive has also increased in the last three months to 9.04 million, up by 87,000.
What has Employment Minister Mark Hoban said about these latest figures?
"The fall in the number of people claiming out-of-work benefits, together with the news that there are currently over half a million vacancies available in the UK economy, show that there are opportunities out there for those who are prepared to work hard, and who aspire to get on in life," he told the BBC.
What have the experts said?
David Kern, chief economist at the British Chambers of Commerce, speaking to the BBC said: " ...the labour market remains an area of strength for the UK economy.
"There are some areas of concern, however. Long-term unemployment is up, and youth unemployment, while edging down, is still too high. But at a time when the government's austerity plan remains in force and the public sector is shrinking, it is reassuring that the private sector is willing and able to create jobs."
Labour's shadow work and pensions secretary, Liam Byrne, said: "Any shred of progress on jobs is welcome but today's figures show that economic recovery is so weak that pay is plummeting.
"We are now creating jobs ten times more slowly than this time last year and there are more part-timers looking for full time work than ever before."