An increasing number of people in the UK found work in the months between July and September, the Office for National Statistics announced Tuesday.
The employment rate went from 75.1 percent to 75.4 percent in the third quarter, driven by a record net flow of unemployed people finding work. The UK unemployment rate fell from 4.7% to 4.3% in the three months.
The figures do not take into account the increase in redundancies that could result from the end of the leave plan on 30 September. But these figures are expected to be small, the ONS said after conducting a company investigation.
“It may take a few months to see the full impact of the leave coming to an end, as people who lost their jobs at the end of September may still receive the severance pay,” said Sam Beckett, head of economic statistics for the company. ONS, in a statement.
That said, “there is no sign of the resumption of layoffs and companies tell us that only a very small fraction of the staff previously on leave have been laid off,” he added. “Furthermore, the vacancies have again reached a new record.”