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Wednesday, 18 July 2012

UK unemployment falls

UK unemployment has fallen, with the number of people out of work decreasing by 65,000 to 2.58 million in the three months to May, according to new data published by the Office for National Statistics (ONS).

According to the figures, the unemployment rate fell to 8.1 per cent during the three-month, which is down from 8.3 per cent in the previous quarter, while the number of people in employment rose by 181,000 to 29.35 million.

Overall, unemployment among 16 to 24-year-olds fell by 10,000 to 1.02 million, while average total earnings were 1.5 per cent higher in the year to May, than the previous 12-month period.

As far as pay is concerned, UK workers currently earn £442 per week excluding bonuses, while regular pay has risen 1.8 per cent from a year ago.

Commenting on the statistics, employment minister, Chris Grayling said the key now is to ensure unemployment continues to fall.

He added: "I'm encouraged, in what are difficult times economically, that we're seeing improvements across the board."

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Posted by John Oak and Wayne BlyADNFCR-1617-ID-801410572-ADNFCR

Source: The Sales Director News

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