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Wednesday, October 18, 2017

UK Unemployment Falls - Lowest Level Since 1975

UK unemployment fell by 52,000 in the three months to August to 1.4 million, leaving the jobless rate unchanged at 4.3% from the previous quarter - still at the lowest level since 1975.

As per the ONS:
  • There were 32.10 million people in work, 94,000 more than for March to May 2017 and 317,000 more than for a year earlier.
  • The employment rate (the proportion of people aged from 16 to 64 who were in work) was 75.1%, up from 74.5% for a year earlier.
  • There were 1.44 million unemployed people (people not in work but seeking and available to work), 52,000 fewer than for March to May 2017 and 215,000 fewer than for a year earlier.

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