Unemployment in the United Kingdom falls once again

Unemployment in the United Kingdom falls once again

United Kingdom unemployment remained at its lowest level since 1975, according to the latest data from the Office of National Statistics.

Bonuses held steady at 2.1%, marginally above the 2% forecast. Once inflation is taken into account real wages fell by 0.4 per cent.

Stephen Clarke, economic analyst at the Resolution Foundation, said: "Today's figures confirm the big picture trend that the United Kingdom labour market is great at creating jobs, but bad at raising people's pay".

LONDON (AP) - Official figures show that household incomes in Britain continue to be squeezed even though the country's unemployment rate remains at its lowest level in 42 years.

In total, there are 32.1 million people at work in the United Kingdom, according to the figures, 94,000 more than in the March to May period.

United Kingdom inflation increased in September to the highest since early 2012, data from the Office for National Statistics showed Tuesday.


She said given the low wages and high inflation, we need our savings to work even harder in order to generate an inflation-beating return.

The employment rate, which measures the proportion of people aged 16-64 in work, hit 75.1% - up from 74.5% in the previous year.

The latest figures will add to increased speculation that the Bank of England is set to raise interest rates following its Monetary Policy Committee meeting in November.

"On the one hand, the rate at which labour market slack is being absorbed has slowed [and] the number of job vacancies has flatlined, consistent with only weak growth in employment ahead", he said. However, the claimant count rose by more than 1,700 to 804,100 in September, compared with a fall the month before.

"The recent fall in consumer confidence, meanwhile, likely will mean that fewer workers quit for new positions, easing the pressure on employers to pay staff more to retain them".

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