Wednesday, 11 September 2013

UK: Vacancy Ratio and People Wanting Work - May to Jul 2013

Still a lot of part timers wanting full time work - but it has steadied now. No doubt now that a downward trend in unemployment is happening. Very slowly though - particularly when you consider all this unemployment and underemployment is completely unnecessary

The ratio of people wanting work to vacancies. The fall continues. Vacancies have become widespread across all but micro businesses.

The UK participation rate.

This is the ratio of those 'in the labour force' (ie unemployed and employed) to the household population. It differs from the ONS's 'employment rate' in that it doesn't exclude those over 65 (although over 65s who want a job are still classed as 'retired').

Overall this is probably steady with the trend growth seen over the last decade continuing.

Source: Office of National Statistics, tables MGSC (ILO Unemployment Level Ages 16-64 - Quarterly seasonally adjusted), LFM2 (Inactive - wants a job - Quarterly seasonally adjusted), YCCX (Part time workers - reason for working part time, could not find full time job - Quarterly seasonally adjusted), AP2Y (All vacancies - Quarterly seasonally adjusted), MGSL (LFS Household Population - all aged 16 and over - Quarterly seasonally adjusted) and MGRZ (Employment Level - all aged 16 and over - Quarterly seasonally adjusted).