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| UK jobless total falls to 2.49m | UK jobless total falls to 2.49m |
| (35 minutes later) | |
| The number of unemployed in the UK fell by 18,000 in the June-August period to 2.49 million, official figures show. | The number of unemployed in the UK fell by 18,000 in the June-August period to 2.49 million, official figures show. |
| The unemployment rate remains unchanged at 7.7% from the previous three months. | The unemployment rate remains unchanged at 7.7% from the previous three months. |
| The figures, from the Office for National Statistics (ONS), also show the number of people claiming Jobseeker's Allowance last month fell by 41,700 to 1.35 million. | The figures, from the Office for National Statistics (ONS), also show the number of people claiming Jobseeker's Allowance last month fell by 41,700 to 1.35 million. |
| The ONS also reports that average earnings rose by 0.7% in the year to August, 0.5% down on July. | The ONS also reports that average earnings rose by 0.7% in the year to August, 0.5% down on July. |
| The unemployment rate has become a key economic indicator for the Bank of England which, under its recently appointed new governor, Mark Carney, is targeting the unemployment rate. | |
| It says it will not consider raising interest rates from their record low of 0.5% until it falls to 7%. | |
| The number of people in work, both full-time and part-time, reached a record high of 29.87 million in the quarter, up 155,000. | |
| The ONS looks at demand for full-time work and whether part-time workers would rather work longer hours. | |
| Its figures showed that almost 1.5 million people were part-time because they could not find full-time jobs, the highest figure since records began in 1992. | |
| Job vacancies also rose by 6,600 in the period to 541,000, the highest for five years. | |
| Longer term | |
| There was a sharp difference in the number of men and women in part-time employment, with male part-timers increasing by 21,000 and women in part-time work falling by 13,000. | |
| But more women were finding full-time work than men, with male full-time employment up by 69,000 compared with a rise of 79,000 for women. | |
| Youth unemployment remains just below the one-million mark, with 958,000 unemployed 16 to 24-year-olds, down by 1,000 over the quarter. | |
| The number of people unemployed for more than a year fell by 15,000 to 900,000. Those without work for between six months to a year rose by 29,000 to 446,000, but there was a fall of 32,000 people unemployed for up to six months, leaving 1.1 million in that position. |