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We were promised Armageddon and fire and brimstone after Brexit, as the UK voted to leave the European Union, however, what promised to be a mass loss of jobs and unemployment as the country took to the ballot box has actually seen a record high surge in employment, as the UK achieved a new record high rate of employment in the three months to October with figures showing that UK unemployment is at its lowest rate since 1975.

Despite the uncertainty of the recent general elections in which Boris Johnson and the Conservative Party won a majority not seen since Margret Thatcher, employers kept on hiring in the lead-up to the previous October Brexit deadline, which has since now been pushed back to late January, as Prime Minster Johnson prepares to put fourth his Brexit withdrawal bill to parliament.

Welcoming the news, which also saw a decrease in jobless levels for women, Chancellor Sajid Javid, said: “There’s talent up and down this country – three quarters of employment growth in the last year has been outside London and the South-east.”

However, while employment in six out of nine regions in the UK has risen in the past year, including the Midlands and North-west, the number of overall job vacancies in the country has seen a decreased, as wages continue to stall. However, these figures should not be something to fear, as recruiters urge businesses to expect a rush of talent, as job vacancies begin to blossom into the new year.

What Get Licensed Says

With over 32.8 million people currently in employment in the UK, now is the best time to kick-start a career or start a business, as Brexit promises the opportunity of trade deals with our international friends and allies. 2020 looks set to be an exciting and prosperous year for the UK, as unemployment continues to fall, and job opportunities grow after we leave the European Union in January.

Article Name
Brexit Sees UK Unemployment Hit Record Low
While we were promised doom and gloom after Brexit, it seems that unemployment in the UK has reached its lowest rate since 1975, despite project fear.
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