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UK jobless total falls to 1.64 million | UK jobless total falls to 1.64 million |
(35 minutes later) | |
The UK unemployment total fell by 52,000 to 1.64 million between April and June, official figures indicate. | |
The UK's unemployment rate remained at 4.9%, the Office for National Statistics (ONS) said. | The UK's unemployment rate remained at 4.9%, the Office for National Statistics (ONS) said. |
According to the ONS, the number of people on the claimant count in July, the first month since the Brexit vote, was 763,600, down 8,600 from June. | |
Wages excluding bonuses rose 2.3% in the three months to June compared with a year earlier, the ONS said. | |
Including bonuses, earnings growth was 2.4%. | |
"The labour market continued on a strong trend in the second quarter of 2016, with a new record employment rate," said ONS statistician David Freeman. | "The labour market continued on a strong trend in the second quarter of 2016, with a new record employment rate," said ONS statistician David Freeman. |
"However, little of today's data cover the period since the result of the EU referendum became known, with only claimant count and vacancies going beyond June - to July for the former and to May-July for the latter," he added. | "However, little of today's data cover the period since the result of the EU referendum became known, with only claimant count and vacancies going beyond June - to July for the former and to May-July for the latter," he added. |
The jobless total is now at its lowest for eight years, while the unemployment rate is at its lowest since the summer of 2005, according to the ONS figures. | |
The employment rate reached a record high of 74.5%, with 31.8 million people in work in the three months to June - 172,000 more than the previous quarter. | The employment rate reached a record high of 74.5%, with 31.8 million people in work in the three months to June - 172,000 more than the previous quarter. |
Brexit 'labour market toll' | |
Howard Archer of IHS Global Insight said that the UK economy showed "impressive resilience in the run-up to the EU referendum and the immediate aftermath of the vote to leave". | |
However, he warned: "It is premature to draw any firm conclusions from this... It remains likely that softening economic activity and heightened uncertainty will take a toll on the labour market over the coming months." | |
Hargreaves Lansdowne economist Ben Brettell said that while forward-looking surveys to gauge business confidence had suggested the Brexit vote had delivered a shock, "surveys are driven by sentiment, and can therefore overreact". | |
"The dramatic fall in confidence may not ultimately be borne out by activity, and today's claimant count number is a tentative sign that things might not turn out as bad as many predicted," he said. |