We know that employment is increasing. The rate accelerated briefly in early 2013 before falling back but the level increased again in the second and third quarters of 2014. From the trough in 2012 Q1 total employment had increased by a just over 100,000 to 2014 Q3 (without seasonal adjusting).
On a more like-for-like basis total employment between Q3 2012 and Q3 2014 has risen 85,600. The annual increase was 58,000 in Q3 2013 though this had reduced to 27,600 in Q3 2014.
Using the Quarterly National Household Survey (QNHS) we will go under the hood to see where this increase 85,600 increases has arisen in the two years to q3 2014.
We will look at the following at the following breakdowns:
- Full-time versus Part-time
- Employee and Self-Employed
- Hours Worked
- Full-Time Equivalents
- Aggregate Wages
The CSO also provide breakdowns by economic sector and occupational groups but these were distorted by the incorrect treatment of workers in the agriculture sector that was revealed by Census 2011 so are omitted here.Tweet