UK unemployment falls again

December 14, 2016 10:02 am Published by

UK unemployment falls again

  • 14 December 2016
  • From the section Business

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UK unemployment fell by 16,000 to 1.62 million in the three months to October, according to the Office for National Statistics.

The unemployment rate held steady at 4.8% in the same period.

Average weekly earnings excluding bonuses rose by 2.6% in the year to October – slightly higher than the previous month.

The UK has one of the lowest unemployment rates in the European Union.

“The labour market appears to have flattened off in recent months,” said ONS senior statistician David Freeman.

The number of people in work remains high, but is “slightly down on the record set recently”, he said.

He added that the small fall in unemployment was more than offset by a rise in economic inactivity, which measures people without a job who are not seeking or available to work.

There were 8.91 million people of working age who were economically inactive – 76,000 higher than in the previous period.

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This post was written by FSB News