Industrial Relations in the United Kingdom
| Date | 01 March 1974 |
| Published date | 01 March 1974 |
| DOI | http://doi.org/10.1111/j.1467-8543.1974.tb00008.x |
Chronicle
Industrial Relations in the United Kingdom
September-December
1973
STATISTICAL BACKGROUND TO THE INDUSTRIAL
RELATIONS SCENE
The
Labour Market-Great Britain
Unemployment continued to fall during the period, and dropped below the
500,000
mark for the first time in four and a half years, bearing out the pre-
valent impression of acute labour shortages in many areas of the country. On
a
seasonally adjusted basis, the rate of decline in unemployment increased
;
excluding school leavers and those temporarily stopped, unemployment fell
by an average of
24,900
during the three months September to November,
compared with a monthly fall of
21,200
between July and September.
(000s)
*
September
545 a48
Month
1973 1972
October 510
792
November
494 770
December
486 745
Total unembloved Percentage
unemployed
1973 1972
3.7
3.5
3.4
3.3
2.4
2.3
2 *2
2.2
Seasonally adjusted
Wholly
unemployed
excluding
school
leavers
1973 1972
545 812
515
7
79
490 756
476 727
(000s)
Vacancies, which had increaseL at a moni
r
rate
u
about
12,000
since
August, rose by only
4,400
on
a
seasonally adjuste-d basis in November, and on
an unadjusted basis, vacancies in November fell for the first time since August
1972.
The conflicting tendencies shown between the figures for unemployment
and vacancies possibly reflected the latter’s earlier response to
a
slowdown in the
rate
of
expansion of the economy.
Unfilled Vacancies in Great Britain for Adults-Seasonally Adjusted
(000s)
Month
1973 1972
September
October
November
December
346
150
362 163
366 177
356
I
88
Wages
and
Earnings
The results
of
the New Earnings Survey, published in October, revealed that
the average
gross
weekly earnings of men in full time employment was just over
117
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