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Job market 'strong and stable'
Wednesday, 13 February 2008
Graduate Job sector Reports
The current job market has been deemed healthy by the government in light of figures that show employment at its highest since 1971.
Statistics from the Office of National Statistics (ONS) has found that employment rose by 175,000 between October an December last year, with the figure now standing at 29.4 million.
Additionally, the number of people claiming Jobseeker's Allowance has decreased by 10,800 to just 794,600 in January.
Commenting on the trend, Employment minister Stephen Timms said: "These figures show we continue to have a strong and stable labour market with both record numbers in employment and the lowest claimant count for 32 years."
He added that the people that have often been difficult to reach in terms of employment have been helped into work by the government's welfare reform policies.
The figures also showed that average earnings increased by around 3.8 per cent in the year to December.
The ONS is the government department responsible for collecting and publishing official statistics about the UK's society and economy.