Uk Jobless total falls to just 1.63 million

Uk Jobless total falls to just 1.63 million
14th Sep 2016
The number of people without jobs and looking for work fell by 39,000 to 1.63 million between May and July, official figures show. reports the BBC. The unemployment rate was 4.9%, down from 5.5% a year earlier but unchanged from last month's report, the Office for National Statistics said. Average weekly earnings including bonuses increased by 2.3% on last year, down slightly from the previous report. The proportion of people in work hit a record high of 74.5%. "These figures show continued labour market improvement," the ONS said. The ONS also pointed out that its headline labour force figures and earnings data are for May to July, so only cover one month since the result of the EU referendum. In August, the claimant count, including Jobseeker's Allowance, jumped by 2,400 from the previous month to 771,000. The claimant count is treated with some caution by economists as the move to Universal Credit has made it much harder to calculate.
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