Record demand for payroll services in Glos and South West

There was record demand for Gloucestershire payroll bureau services according to the Office for National Statistics (ONS).

There was record demand for Gloucestershire payroll bureau services according to the Office for National Statistics

According to the ONS there were 31.21 million people in work in the UK- 177,000 more than for April to June 2015 and 419,000 more than for a year earlier.

The UK employment rate, for the 3 months ending September 2015, was highest here in the South West (77.9%) and lowest in Northern Ireland (67.9%). The employment rate estimates showed few large movements for the regions and countries of the UK.

There were 22.80 million people working full-time, 273,000 more than for a year earlier. There were 8.42 million people working part-time, 146,000 more than for a year earlier.

The employment rate (the proportion of people aged from 16 to 64 who were in work) was 73.7%, the highest since comparable records began in 1971.

The unemployment rate fell to 5.3%, lower than for April to June 2015 (5.6%) and for a year earlier (6.0%). It has not been lower since March to May 2008. The unemployment rate is the proportion of the labour force (those in work plus those unemployed) who were unemployed.

In the same labour market statistics report, the ONS revealed that the number of EU nationals working in the UK had increased by 324,000 in the past 12 months.

ONS statistician Nick Palmer said: “These figures continue the recent strengthening trend in the labour market, with a new record high in the employment rate and the unemployment rate still at its lowest level since spring 2008.”

The ONS also said the total earnings of workers, including bonuses, in the three months to September were up 3% from a year earlier, the same rate as in the three months to August.

In September, total wages rose by 2.0%, down from 3.2% the previous month and the weakest increase since February.

Excluding bonuses, average weekly earnings growth slowed to 2.5% in the third quarter and 1.9% in September, both the weakest since the first quarter of 2015.

All of which will increase the pressure on hard working accountants, payroll managers and small business owners having to juggle payroll administrations and running a business.

So if you want help with your payroll administration- you can either ring us now on 01242 583001 – email us on edith@esbaccountancy.co.uk or click the Contact Us buttonpayroll bookkeeping services small business help contact esb accountancy gloucestershireor please fill the form at the bottom of the contact us page.

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