13/11/2013

Unemployment Rate Falls To Three Year Low

New figures from the Office for National Statistics have shown that total number of UK unemployed has fallen to 2.47 million, a decrease of 48,000.

The unemployment rate now stands at its lowest in over three years, at 7.6%.

The figures also show that the number claiming jobseekers allowance now stands at 1.31 million, a fall of some 41,700.

Some 177,000 more people were recorded as being in work, bring the total number of people in work to 29.95 million. The ONS also recorded a 0/7% increase in pay.

The Bank of England continue to maintain that it would not consider revising interest rates until the unemployment rate falls below 7%.

(MH/CD)

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