The Office of National Statistics recently reported that unemployment figures have dropped to just 7.9 per cent, thanks in no small part to interim workers.
Unemployment dropped to 2.53 million in the UK after dropping by 50,000 as reported in the quarter through August, the ONS reported, dropping the jobless rate by 0.2 percentage points. Much of the good news comes from former permanent workers transitioning into self-employment, either as freelancers or umbrella company contractors, or by taking part time positions.
In fact, since the beginning of the economic downturn, the number of individuals in the UK working for themselves, either as a sole trader or a freelancer, has increased by 12 per cent. Employment minister Mark Hoban commented on the news, remarking that it was a major accomplishment to see unemployment numbers drop by such a large percentage, even in the double dip recession.
While the economic landscape is still decidedly rough, said Mr Hoban, it has been encouraging to see the private sector continue with its job creation efforts. In addition, the employment minister praised welfare reforms, claiming that they have encouraged people in greater numers to return to employment.
The number of Brits taking Jobseekers Allowance and other related out-of-work benefits have declined by 170,000 in comparison to May of 2010, Mr Hoban said. However, the employment minister did not specify if those 170,000 individuals are no longer receiving benefits because they are now gainfully employed or because they are no longer eligible for these benefits.
