His comments were reinforced by the fact that the data showed current job vacancies have dropped to 745,000, a fall of 18,000, the largest quarterly fall since Q2 2011.
Having said that, the statistics also reveal that there are now 31.58 million people in work, which represents an increase of 44,000 from Q4 2015, the employment rate is now sitting at 74.2%. Of this total, 23.12 million were in full-time employment, an increase of 328,000 from a year earlier, whilst there were 8.46 million in part-time employment, itself an increase of 81,000 from a year earlier.
Of the unemployed, the number of those claiming unemployment related benefits to April 2016 fell to 737,800, a decline of 2,400 from March 2016 figures and 57,600 fewer than one year earlier.
On the earnings front, average earnings – including bonuses – rose 2% year-on-year. Here the ONS added that they believed the timing of 2016 bonuses had affected this figure. Meanwhile, average weekly earnings – excluding bonuses – rose by 2.1%.
The Government’s response came from Stephen Crabb, The Secretary of State for Work and Pensions, who was quoted as saying: “These are another record breaking set of figures, with more people in work than ever before and the unemployment rate is the lowest in a decade at 5.1%”.
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