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Unemployment has fallen - comment from totaljobs

By David Clift, HR Director, totaljobs

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Totaljobs

Today’s news represents a real triumph for the job market, which remains robust despite continued political uncertainty. It’s impressive that unemployment has now fallen month-on-month for sixteen consecutive months; a clear signal of employer confidence.

One would have been forgiven for thinking that the stagnation of Brexit talks would have precipitated a rise in unemployment, though the job market has remained remarkably consistent since the triggering of article 50 and subsequent negotiations.

To be placed in its historical context: not since 1975, where the average house price was under £12,000, has unemployment been so low.

Data from totaljobs has found that a number of industries are continuing to perform strongly, with the transport and logistics sector seeing a 6% month on month increase in job postings.

Employers can take confidence from today’s figures. Until Brexit brings about any material changes, any pre-emptive hiring freezes on account of Britain’s exit from the EU are being made with a certain amount of guesswork. For this reason, employers may well want to remain optimistic and continue as they are doing.