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Entrepreneurs Panel

Tony Caldeira
Jeremy Roberts
Julie Meyer
Jennie Johnson
Charlie Mullins
Steve Purdham
Michael Oliver
Richard O'Sullivan
Brian Hay
Laura Tenison
Debbie Pierce
David Pollock

Employment continues to climb despite rise in joblessness

Employment rose by 106,000 in the three months to August, despite unemployment climbing by 10,000 to 1.66m, according to official figures.

There were 31.8m people in work, 560,000 higher than a year earlier.

The Office for National Statistics said 23.23m people were working full-time, up by 362,000 on June to August 2015, while 8.58m were working part-time, up by 198,000.

Although the jobless total rose by 10,000 to 1.66m, it was still 118,000 lower than at the corresponding point of last year.

The unemployment rate was 4.9 per cent, unchanged from March to May.

Average weekly earnings increased by 2.3 per cent both including and excluding bonuses.

Commenting on the figures, Josh Hardie, deputy director-general of the Confederation of British Industry, said: "We've seen a marginal increase in unemployment. But with employment still rising and the unemployment rate at an 11-year low, the overall picture is resilient.

"Pay growth is still lacklustre though, emphasising the need for new partnerships between business and the Government that brings a laser-like focus to improving productivity. This is the only route to sustainable, long-term improvements in pay growth."

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