Unemployment rate at 7.8%, private sector employment hits record high

New ONS figures reveal private sector employment is at a record high, making hte skills shortage in UK more dire.

London, 12 December 2012 – Today the Office for National Statistics released its monthly labour market report. Some of the highlights include:

  • Employment has risen to 71.2%, up 40,000 over the previous three months
  • Private sector adds 65,000 jobs bringing total sector employment to a new record of 23.8 million
  • Unemployment has remained at 7.8% from last month’s report, although 0.2 per cent lower than the May to July period

Phil Sheridan, Managing Director, Robert Half UK said:“It’s encouraging to see that we are ending the year on a high note, entering 2013 on a positive upswing in job growth. The numbers also take into account the post-Olympic period and we have not seen the large dip in employment that many had speculated.”

“Today’s report also found more private sector jobs than ever before, indicating that many of the losses from the public sector have been absorbed by private and publicly-listed companies. Many of our clients still report challenges finding the skilled professionals they need to manage growth initiatives as well as regulatory issues prompting the simultaneous need for financial business partners as well as regulatory, risk and compliance.

About Robert Half

Robert Half is the world’s first and largest specialised recruitment consultancy and member of the S&P 500. We have once again been named to FORTUNE’s “World’s Most Admired Companies®” list and remains the top-ranked staffing firm (February 2020). Founded in 1948, the company has over 300 offices worldwide providing temporary, interim and permanent recruitment solutions for accounting and finance, financial services, technology, legal and administrative professionals. Robert Half offers workplace and jobseeker resources at roberthalf.co.uk and twitter.com/roberthalfuk.