The shadow of Brexit is not holding back unemployment

The spectre of Brexit has loomed large over the UK and the economy since the historic EU referendum was delivered in June 2016. Lots has happened in that time; indecision in Parliament, concerns about the economy and fears about growth. However, what hasn’t been affected is the UK’s unemployment rate which has fallen to its lowest level since January 1975.

However, earlier this week, the Office for National Statistics (ONP) revealed the number of people out of work has dropped to 1.281m, which is a drop of 13,000. The total number of people in work is now 32.8m. These figures have been compiled from July to September, so any ‘Boris Bounce’ – (stability of a majority Government) wouldn’t have been seen just yet.

Wage growth tempered the news slightly with the rate dropping to 3.5% in the same period, from 3.6% of the previous quarter. An average week’s pay, after-tax and deductions is just a shade under £510 per week.

These are impressive figures for the economy and overall confidence as it demonstrates an employer’s desire to hire talent to help their company build – regardless of what happens with Brexit. Yes, businesses have kept one eye on our EU deliberations, but all in all, the delay at Westminster has encouraged clients to get on and recruit; businesses can’t afford to hang around. At MRK, we’ve enjoyed another record year – businesses requiring finance, accountancy, data analysts and/or revenue management professionals are investing in human capital to assist their growth.

We look forward to helping to propel your job search.

Roland Seddon, Managing Director, MRK Associates.

MRK Associates is a recruitment and career advisory company specialising in three distinct areas of professional employment – finance/accountancy jobs, office support/administration jobs and revenue management/yield jobs. Our main geographical focus is in the Northern Home Counties area (Buckinghamshire, Hertfordshire, Oxfordshire and Bedfordshire) where we provide a personal, knowledgeable and professional service within these markets.

For more information, please telephone 01442 894555 or email: info@mrkassociates.co.uk

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