Employment in the UK during the third quarter of 2017 fell for the first time since Brexit, as jobs declined by 14,000 to 32 million people, according to the Office for National Statistics (ONS).
The decrease snapped a long-time growth streak in the country’s job market. However, the number of people employed during the three-month period increased by 279,000 from the previous year.
Job market trends
While jobs may have increased year over year, the ONS statistics showed that the employment and unemployment rates have declined after more people decided to stop looking for work. These people are otherwise described as economically inactive. Still, the number of jobless people in the country dropped by 59,000 in the September quarter, although the employment sector’s weakness further manifested through fewer full-time job vacancies, which fell by 29,000.
If you live in Ipswich, a recruitment agency such as A&S Recruitment can hasten and make your job search much easier by connecting you with the right employers. Likewise, companies that struggle to find qualified talents can seek the help of recruiters.
More EU workers
The record number of EU nationals working in the UK served as one highlight for the ONS data. During the third quarter, there were around 2.38 million employed people from EU member countries, particularly those from Bulgaria and Romania. The ONS said that this represented the highest figure since records began 20 years ago.
The record number of migrant workers only showed that expectations of a Brexodus which meant an exit of EU workers from the UK, are simply nonsense, according to Alp Mehmet, vice-chairman of campaign group Migration Watch UK.
The UK job market broken growth streak may or may not indicate that the country’s employment boom could be headed for a downward trend, as it is still too early to draw conclusions.