This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.bbc.co.uk/news/business-24045546
The article has changed 7 times. There is an RSS feed of changes available.
| Version 1 | Version 2 |
|---|---|
| UK unemployment rate drops to 7.7% | UK unemployment rate drops to 7.7% |
| (35 minutes later) | |
| The rate of unemployment in the UK dropped to 7.7% between May and July from 7.8% in the previous three months. | The rate of unemployment in the UK dropped to 7.7% between May and July from 7.8% in the previous three months. |
| The governor of the Bank of England, Mark Carney, has said that interest rates are unlikely to be raised before the rate falls to 7%. | The governor of the Bank of England, Mark Carney, has said that interest rates are unlikely to be raised before the rate falls to 7%. |
| The number of people unemployed fell 24,000 in the period to 2.49 million. | The number of people unemployed fell 24,000 in the period to 2.49 million. |
| The official figures also showed the number of people claiming Jobseekers' Allowance fell 32,600 to 1.40 million, its lowest level since February 2009. | The official figures also showed the number of people claiming Jobseekers' Allowance fell 32,600 to 1.40 million, its lowest level since February 2009. |
| 'Recovering market' | |
| "It's another set of impressive figures on the job market with positive signs on all three main indicators," said Victoria Clarke at Investec. | "It's another set of impressive figures on the job market with positive signs on all three main indicators," said Victoria Clarke at Investec. |
| "It suggests the jobs market is recovering, much like the broader economy." | "It suggests the jobs market is recovering, much like the broader economy." |
| "It reinforces our view that unemployment will come down to 7% more quickly than the Bank of England expects." | "It reinforces our view that unemployment will come down to 7% more quickly than the Bank of England expects." |
| Mr Carney said he expected the fall to 7% to take at least three years. | Mr Carney said he expected the fall to 7% to take at least three years. |
| The pound rose against both the euro and the US dollar following the release of the figures. | |
| The number of people claiming Jobseekers' Allowance in July was revised downwards. | |
| The fall of 68,900 in July and August was the biggest two-month drop since June 1997. | |
| 'Resilience and flexibility' | |
| Average pay rose by 1.1% compared with the same time last year, which is well below the 2.8% rate at which prices are rising. | Average pay rose by 1.1% compared with the same time last year, which is well below the 2.8% rate at which prices are rising. |
| Almost a third of men working part-time were doing so because they could not find full-time employment. The corresponding figure for women was 13.5%. | |
| Between March and June 2013, public sector employment fell 34,000, while private sector employment rose 114,000. | |
| "The positive figures are a measure of the resilience and the flexibility of Britain's labour market," said David Kern, chief economist at the British Chambers of Commerce. | |
| "The further increase in private sector employment, at a time when the public sector is still shedding jobs, demonstrates yet again that private firms are able to drive the recovery." |