Unemployment falls by 82,000
Good news this week as the news was released that the number of people out of work fell by 82,000 between August and October, to 2.51 million, and the last three months have seen the largest quarterly fall in unemployment since 2001. This is partly due to an increase in the number of people in work or self-employed and partly due to a net reduction in the number of people seeking work - for example because they have retired or moved into full-time-education.
Employment rose 40,000 to 29.6 million, which was the highest figure since records began in 1971. This increase in employment is entirely in full time jobs - the number of people in such jobs rose by 44,000 while the number in part-time jobs fell by 4000.
Youth unemployment also fell significantly.
There is no room whatever for complacency, particularly as long-term unemployment remains stubbornly high. But the fact that uemployment falling is to be welcomed.