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Unemployment rate is lowest level for 11 years following Brexit

It has been reported today in the UK, Wednesday 16th November 2016, that the unemployment rate has fallen to its lowest level for almost 11 years in the 3 months after Brexit.

The Office of National Statistics reports that the jobless rate falls to 4.8% between July and September which has not been achieved since 2005.

Brexit created huge uncertainty for Britain's economy and there were fears of a possible recession but these figures prove that the Country is fighting back and maintaining its strong position.

Let us know your thoughts below surrounding these latest statistics.....

Most jobseekers look for a new job as they want more money

In our latest survey question about searching for a new job, we found that most respondents want more money and that is why they are searching for a new role. 27% of jobseekers selected “More Money” in the questionnaire.

Second to that was a “Career Change”. 18% were looking for a new role to change careers and try something new. 16% “Disliked Colleagues/Manager” and that was why they were job searching.

The other options and response rates were:

- Bored/don’t enjoy current role – 14%

- Re-locating – 10%

- Sacked/asked to leave – 8%

- More responsibility – 5%

- Better career prospects – 2%

Why are you looking for a new job? Is there another reason not listed above?

Is money always on the top of your agenda?

Unemployment in the UK down

The total number of unemployed people in the UK is now at 2.33 million following the latest fall in the number of people not working. The unemployment rate continues to be 7.2%.
 
The number of those unemployed within the age group of 16-24 fell by 29,000 taking the total number at 912,000 which is the lowest level since 2011.
 
The official statistics show that the number of people in employment is at a new high of 30.19 million. Also, another positive statistic is that over the past year, the number of people claiming Jobseeker’s Allowance has fallen by more than a third of a million.
 

Plans to tackle youth unemployment

So, Nick Clegg has come out today unveiling plans to tackle youth unemployment after the Office for National Statistics (ONS) revealed that the UK's youth unemployment rate dipped to 19.9% in the three months to December 2013. Finally something is going to be done that really could help youngsters steer their career. University is not always the best choice for everyone so this is really going to help those who are unsure what they want to do from that early age.

As part of the move, Jobcentres will offer job hunting advice to 16-17 year olds and they are going to aim to improve careers advice within schools. The idea is for youngsters to spend time in local companies to get experience and decide whether that will be the job for them.

We fully support the plans and hope they are implemented quickly to help the young. It is so difficult
deciding what career to take that any help will be welcome.

What do you think about the plans?