employment_graph

Unemployment rates as low as 2008, says UK Office of National Statistics

While unemployment rates in Greece continuously raise, Britain’s Office for National Statistics (ONS) said that the UK unemployment rate fell to a seven-year low of 5.3% in the three months to September, new figures show.

It was the lowest jobless rate since the second quarter of 2008, according ton the Office for National Statistics (ONS).

The number of people out of work fell by 103,000 between July and September to 1.75 million.
There were 31.21 million people in work, 177,000 more than for the April-to-June quarter and 419,000 more than in the same period a year earlier.

ONS statistician Nick Palmer said: “These figures continue the recent strengthening trend in the labour market, with a new record high in the employment rate and the unemployment rate still at its lowest level since spring 2008.”

The ONS also said the total earnings of workers, including bonuses, in the three months to September were up 3% from a year earlier, the same rate as in the three months to August.
In September, total wages rose by 2.0%, down from 3.2% the previous month and the weakest increase since