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UK unemployment falls again | UK unemployment falls again |
(35 minutes later) | |
UK unemployment fell by 16,000 to 1.62 million in the three months to October, according to the Office for National Statistics. | UK unemployment fell by 16,000 to 1.62 million in the three months to October, according to the Office for National Statistics. |
The unemployment rate held steady at 4.8% in the same period. | The unemployment rate held steady at 4.8% in the same period. |
Average weekly earnings excluding bonuses rose by 2.6% in the year to October - slightly higher than the previous month. | Average weekly earnings excluding bonuses rose by 2.6% in the year to October - slightly higher than the previous month. |
The UK has one of the lowest unemployment rates in the European Union. | The UK has one of the lowest unemployment rates in the European Union. |
"The labour market appears to have flattened off in recent months," said ONS senior statistician David Freeman. | |
The number of people in work remains high, but is "slightly down on the record set recently", he said. | |
He added that the small fall in unemployment was more than offset by a rise in economic inactivity, which measures people without a job who are not seeking or available to work. | |
There were 8.91 million people of working age who were economically inactive - 76,000 higher than in the previous period. |