Umbrella company contractors, along with the rest of the country, will be pleased to hear that the latest results from the Office for National Statistics (ONS) show that the number of people in work has reached a record high.
The recent ONS figures revealed that employment rose by 155,000 to 29.87 million, giving a rate of 71.7%.
The report also found that the number of people claiming Jobseeker’s Allowance in September fell by 41,700 (to 1.35 million).
Employment Minister Esther McVey, said, "Today's figures show a rise in employment of more than a million under this Government, and they show that there are now more people in work than ever before.
"That's a really positive sign of growth in the UK economy, and a credit to British businesses for creating those jobs.
"We are not complacent – there's still work to do – but with more than 500,000 vacancies currently available, and with all the signs being that the economy is turning a corner, we can see that there are opportunities out there for hardworking people who aspire to get on in life."
REC CEO Kevin Green commented on the ONS findings, “Today’s figures show more jobs being created and that both the recovery and business confidence are strengthening. This positive trend reflects that data we get from recruiters that shows the jobs market continues to pick up momentum.
“New employment minister Esther McVey points out the importance of flexible working in the labour market with more than 4 out of 5 of people with part-time jobs choosing to work in this way. It’s important that politicians from all the major parties don't undermine our dynamic flexible jobs market with more regulation as our labour market starts to lift off.”
Simon Dolan is the Sales & Marketing Manager for Contractor Umbrella Ltd, one of the UK’s Most Respected Umbrella Companies and founder member of AllUmbrellaCompaniesAreEqual.
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