Wednesday, February 17, 2016

Unemployment drops by 60,000

Unemployment in the UK dropped by 60,000 between October and December 2015, and is still at a ten year low, according to the Office for National Statistics.

The number in work climbed to 31.4 million, which is (still) the highest since records began in 1971.

The number of Britons in work increased by 278,000 in the three months to the end of December, to 28.28 million, while for non-UK nationals, the figure rose by 254,000 to 3.22 million.

In other words, the success of the UK economy is sucking in people from other parts of the world, but they are coming to work rather than claim benefits and the majority of new jobs are going to British workers.

Pay increased by 2.0% during the period, very similar to the growth rate between September to November 2014 and September to November 2015, which was 1.9%

More information on the BBC site at http://www.bbc.co.uk/news/business-35594650

No comments: