Latest labour market figures - comment from the Chamber
Date published: 18 December 2014
Christian Spence, Research Manager at Greater Manchester Chamber of Commerce
Commenting on the latest labour market figures, Christian Spence, Head of Research and Business Intelligence at Greater Manchester Chamber of Commerce, said: “The latest release from the Office for National Statistics shows the number of people claiming Jobseeker’s Allowance in Greater Manchester fell in November by 3,660 to 38,125, the lowest since January 2005.
"The number of under-25s claiming fell by 1,380 to 7,535, the lowest since records began in 1985.
"Whilst these numbers are underestimating the number of people unemployed because Universal Credit claimants are not currently included in the statistics, the latest data continues to show that the region’s labour market is still improving, though the rate of reduction has slowed, perhaps indicating that the tightness in the labour market is beginning to show.
"This may place upward pressure on pay rates into the new year as employers are forced to compete ever more for the skilled labour they require.
"We expect that next month’s data for December will show a further sharp fall as seasonal hires for the Christmas period will be more visible at this time.”
Do you have a story for us?
Let us know by emailing news@rochdaleonline.co.uk
All contact will be treated in confidence.
Most Viewed News Stories
- 1First full Stalking Protection Order against a child in UK secured for family in Heywood
- 2Trio jailed for 20 years after shotgun fired at Rochdale house in broad daylight
- 3New energy facility with the ability to power 20,000 homes approved in Bamford
- 4Cast your vote in the local and mayoral elections today
- 5Legal challenge against recently approved development masterplan to build 165,000 homes in Greater...
To contact the Rochdale Online news desk, email news@rochdaleonline.co.uk or visit our news submission page.
To get the latest news on your desktop or mobile, follow Rochdale Online on Twitter and Facebook.