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UK jobless total falls by 48,000 and rate drops to 7.6% | UK jobless total falls by 48,000 and rate drops to 7.6% |
(35 minutes later) | |
The number of unemployed people in the UK fell by 48,000 to 2.47 million between July and September, the Office for National Statistics has said. | |
The unemployment rate fell to 7.6%, the lowest rate in more than three years. | |
The Bank of England has said it will not consider raising interest rates from their record low of 0.5% until the unemployment rate falls below 7%. | The Bank of England has said it will not consider raising interest rates from their record low of 0.5% until the unemployment rate falls below 7%. |
The number of people claiming Jobseeker's Allowance fell by 41,700 to 1.31 million in October. | |
The number of people in work rose by 177,000, while the percentage of 16-to-64 year-olds in employment rose to 71.8%. |