Author Topic: UK unemployment falls to 1.84m  (Read 65 times)

Description: Employment hit a new record high, up 248,000 to 31.05 million

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UK unemployment falls to 1.84m
« on: April 17, 2015, 01:04:35 PM »

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UK unemployment falls to 1.84m


       
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    17 April 2015


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  • From the section Business



   

       
Breaking news

UK unemployment fell 76,000 to 1.84 million in the three months to February, official figures have shown.

That means the jobless rate has fallen to 5.6%, in line with forecasts, and is 1.3 percentage points lower than the same time in 2014.

The number of people claiming Jobseeker's Allowance in March fell by 20,700 to 772,400, the Office for National Statistics said.

Employment hit a new record high, up 248,000 to 31.05 million.

That was the biggest increase in a three-month period since April 2014.

The unemployment rate is now at its lowest level since July 2008 and down from 7.9% at the time of the last election in 2010.

The number of 16 to 24-year-olds out of work fell by 22,000 in the three months to February to 742,000.

The ONS also said on Friday that average weekly earnings in the three months to February, excluding bonuses, rose by 1.8% compared with the same period a year earlier. The rate was down from 1.9% in January.

When bonuses are included, weekly earnings rose by 1.7%.

About 1.3 million people were in part-time jobs when they wanted full-time work, up by 29,000 compared with the previous quarter, while self-employment was little changed at 4.5 million.

The number of people classed as economically inactive, including those looking after a relative, on long-term sick leave or who have given up looking for work, fell by 104,000 to just under nine million.

Long-term unemployment has also fallen, down by 188,000 to 623,000 for those out of work for at least 12 months.

The ONS also found that 107,000 people were made redundant in the period. The number of redundancies peaked at 311,000 in early 2009.

There were 743,000 job vacancies across the UK in the three months to March, 124,000 more than a year ago and the highest since records began in 2001.


   

Source: UK unemployment falls to 1.84m






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