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Wednesday, November 15, 2017

Unemployment Falls By 59,000

The ONS reports that the rate of unemployment for July to September 2017 fell. There were 59,000 fewer unemployed than for April to June 2017 and 182,000 fewer than for a year earlier.

The unemployment rate (the proportion of those in work plus those unemployed, that were unemployed) was 4.3%, down from 4.8% for a year earlier and the joint lowest since 1975.

Latest estimates show that average weekly earnings for employees in Great Britain in nominal terms (that is, not adjusted for price inflation) increased by 2.2% both including and excluding bonuses, compared with a year earlier.

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