• Last 7 Days
    • Last 1 Month
    • Last 2 Months
    • History

Industry news | PayStream

Get Adobe Flash player

UK contractor placements enjoy further increase

The number of opportunities for full-time workers, limited company contractors, freelancers and other self-employed individuals continues to rise in the UK, as new figures reveal that a record 31.8 million people are now in work throughout the country.

Labour market data from the Office for National Statistics shows that an additional 560,000 contracts have been created over the past 12 months, taking Britain's employment rate to a high of 74.5 per cent.

The latest round of figures focus on the period from June to August this year and show that 106,000 extra work opportunities were created during the quarter in comparison to the previous three months. In total, an additional 2.8 million people have embarked on new contracts in the UK since 2010.

What's more, the number of women in work remains at an almost record-high level of 69.7 per cent, which is just one percentage point off the all-time peak reached between May and June this year.


Commenting on the figures, employment minister Damian Hinds said: "Once again, it's great news for Britain as the employment rate remains at a record high with more than 31.8 million men and women in work. But there's more to do, particularly when it comes to supporting young people into employment."

Data shows that the number of young people out of work has fallen by 300,000 over the past six years, but with significant skills shortages continuing to cause hiring problems across many major UK sectors, workers fresh out of education could help to fill these talent gaps.

Apprenticeships or other training initiatives can help equip more people with the skills they need to set up their own limited companies in the future, while creating flexible working opportunities for millennials who are likely to be in work for longer with a career that is able to complement their personal life over the long term.

Mr Hinds added: "We want to build a solid base for the future, that's why today I have announced the rollout of our Jobcentre Plus Support for Schools scheme in England which will give tens of thousands of young people help in taking their first steps into the world of work."


Image: imtmphoto via iStock

Previous Videos

Good work-life balance 'more important than money'

Thursday 27th October, 2016
Money is less important than a good work-life balance to most UK workers, according to a new survey.

Most in-demand IT contractor skills of 2016 revealed

Wednesday 26th October, 2016
Which IT contractor skills have been most in-demand this year?

UK contractor placements enjoy further increase

Tuesday 25th October, 2016
The number of opportunities for full-time workers, limited company contractors , freelancers and...

Self-employed 'less likely to suffer from stress, anxiety and depression'

Tuesday 25th October, 2016
Stress, anxiety and depression are less common among self-employed people, according to a new report.

Could becoming a contractor help you live longer?

Friday 21st October, 2016
How becoming a limited company contractor could potentially lengthen your life.

Contractors facing increasing competition for financial services roles

Wednesday 19th October, 2016
Limited company contractors looking for contracts in the UK financial services sector are facing an...
1 2 3 4 5 6 7