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| Huge rise in employment cuts claimant count to near two-year low | Huge rise in employment cuts claimant count to near two-year low |
| (about 4 hours later) | |
| The number of people claiming jobseeker's allowance has fallen to a near two-year low after a huge increase in employment. | The number of people claiming jobseeker's allowance has fallen to a near two-year low after a huge increase in employment. |
| Almost 30 million people were in work at the end of 2012, an increase of 154,000 on the quarter to September and the highest total since records began, in 1971, figures from the Office for National Statistics showed on Wednesday. | Almost 30 million people were in work at the end of 2012, an increase of 154,000 on the quarter to September and the highest total since records began, in 1971, figures from the Office for National Statistics showed on Wednesday. |
| The claimant count fell for the third month in a row in January, down by 12,500 to 1.54 million, the lowest since June 2011. | The claimant count fell for the third month in a row in January, down by 12,500 to 1.54 million, the lowest since June 2011. |
| Unemployment, including those ineligible for benefits, fell by 14,000 in the final quarter of last year, to 2.5 million – 156,000 lower than a year ago. | Unemployment, including those ineligible for benefits, fell by 14,000 in the final quarter of last year, to 2.5 million – 156,000 lower than a year ago. |
| But youth unemployment increased by 11,000, the highest rise for a year, and the number of people with more than one job increased by 41,000, to 1.1 million. | But youth unemployment increased by 11,000, the highest rise for a year, and the number of people with more than one job increased by 41,000, to 1.1 million. |
| The number of people classed as economically inactive, including long-term sick people, those looking after a family and those who have given up looking for work, fell below 9 million, the lowest figure since the autumn of 2006. | The number of people classed as economically inactive, including long-term sick people, those looking after a family and those who have given up looking for work, fell below 9 million, the lowest figure since the autumn of 2006. |
| The ONS also reported a continued cut in the real value of pay, with average earnings increasing by 1.4% in the year to December, down by 0.1% on the previous month. | The ONS also reported a continued cut in the real value of pay, with average earnings increasing by 1.4% in the year to December, down by 0.1% on the previous month. |
| Regular pay, excluding bonuses, rose by 1.3%, the lowest figure since the end of 2009. | Regular pay, excluding bonuses, rose by 1.3%, the lowest figure since the end of 2009. |
| The ONS noted that CPI inflation was running at 2.7% last year, with the annual growth in weekly wages staying below inflation since the middle of 2009. | |
| The number of people in full-time jobs increased by almost 200,000 at the end of last year, to 21.6 million, while part-timers fell by 43,000 to just over 8 million. | The number of people in full-time jobs increased by almost 200,000 at the end of last year, to 21.6 million, while part-timers fell by 43,000 to just over 8 million. |
| The number of self-employed workers increased by 25,000 to 4.2 million. | The number of self-employed workers increased by 25,000 to 4.2 million. |
| Youth unemployment, counting 16- to 24-year-olds, rose by 11,000 to 974,000, the biggest increase since the start of last year. | Youth unemployment, counting 16- to 24-year-olds, rose by 11,000 to 974,000, the biggest increase since the start of last year. |