Wednesday, November 16, 2016

UK Unemployment falls to 11-year low as 350,000 people find jobs

UK unemployment fell by 37,000 to 1.6 million in the three months to September, hitting an 11-year low. This represents a jobless rate down to 4.8% in the same period, while the number of people in work went up by 49,000, according to figures released by the Office for National Statistics (ONS).
 
Average weekly earnings grew by 2.3% in the year to October including bonuses and by 2.4% excluding bonuses; with CPI inflation at just under one percent this represents an increase in average real wages.
 
This continues a trend of increasing employment since 2010 which applies in every part of the country. Here in the North West employment is 172,000 higher than in 2010.
 
The ONS statistics can be found here.
 

No comments: