UK Unemployment Falls

UK unemployment has fallen by 132,000 between April and June to 2.08 million.

Unemployment claimant count has fallen faster in 12 months to July than any 12 months since 1973.

— David Gauke (@DavidGauke) August 13, 2014

21.9% of people aged 16-64 not in the labour force for Apr-Jun, down from 22.3% a year earlier http://t.co/IimNsuTZdU pic.twitter.com/yzUZk27XGe

— Melton Blue (@MeltonBlue) August 13, 2014

Pay very weak - down 0.2% latest three months on year earlier - as expected. Test will be when bonus/50p tax distortion drops out.

— David Smith (@dsmitheconomics) August 13, 2014

More people are working, but their incomes are being squeezed. The "good times" are but a faded memory!