Demand for bookkeeping services in Gloucestershire is rising as employment is at record levels.
According to the latest figures from the Office of National Statistics (ONS) for the 3 months ending April 2017, the highest employment rate in the UK was in the South West (79.1%) and the lowest was in Northern Ireland (68.8%).
For the 3 months ending April 2017, the highest unemployment rate in the UK was in London (6.0%) and the lowest was in the South West (3.4%).
For the 3 months ending April 2017, the highest economic inactivity rate in the UK was in Northern Ireland (27.2%) and the lowest was in the South West (18.0%).
Between December 2016 and March 2017, the largest increase in workforce jobs in the UK was in the West Midlands, at 65,000, whilst the largest decrease was in the East of England at 36,000.
In March 2017, the region with the highest proportion of workforce jobs in the service sector was London at 91.9%, which had decreased by 0.4 percentage points since December 2016, whilst the East Midlands had the highest proportion of jobs in the production sector at 13.9%.
The highest average actual weekly hours worked, for the 12 months ending December 2016, was in London at 33.7 hours and lowest in Yorkshire and The Humber at 31.3 hours for full-time workers, it was highest in London at 38.4 hours and for part-time workers it was highest in Northern Ireland at 17.0 hours.
Record business services demand
Estimates from the Labour Force Survey show that, between November 2016 to January 2017 and February to April 2017, the number of people in work increased, the number of unemployed people fell, and the number of people aged from 16 to 64 not working and not seeking or available to work (economically inactive) also fell.
There were 31.95 million people in work, 109,000 more than for November 2016 to January 2017 and 372,000 more than for a year earlier.
The employment rate (the proportion of people aged from 16 to 64 who were in work) was 74.8%, the joint highest since comparable records began in 1971.
Which means the growing burden of payrolls, pensions payments and administrative burden on businesses has never been greater.
So if you would like some help with your payroll calculations for your organisation from someone with several decades of financial experience here in Gloucestershire you can either ring us now on – email us on email@example.com or click the Contact Us buttonor please fill the form at the bottom of the contact us page