Things are Looking Up...

Morningstar columnist Rodney Hobson is feeling optimistic about UK employment, but he's a bit more 'ho hum' when it comes to certain stocks

Rodney Hobson 14 December, 2012 | 11:00AM

It’s a Good Job

The one area of the economy that continues to spring a pleasant surprise and offer hope for the immediate future is employment. The latest figures are no exception.

The Office for National Statistics (ONS) reported this week that the number of people out of work fell by 82,000 between August and October to 2.51 million, the biggest quarterly fall since 2001. The unemployment rate was 7.8%, down 0.2 percentage points from the previous three months.

Often the various calculations of the jobs market offer conflicting evidence but this time they all seem to point in the same direction. Employment rose 40,000 to 29.6 million, which was the highest figure since records began in 1971.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Greggs PLC1,632.00 GBX-2.57

About Author

Rodney Hobson

Rodney Hobson  is a columnist for Morningstar.co.uk and author of several investing books, most recently The Dividend Investor.

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