Economy: UK Jobless Rate Falls To 7.7% The Houses of Parliament and the London Eye are seen in central London The UK’s unemployment rate has dipped to 7.7% for the first time since late 2012 amid improving signs for the labour market. The Office for National Statistics (ONS) said the rate fell in the three months to July from 7.8% as the number of people out of work fell by 24,000 to 2.487 million. That was the lowest jobless rate since September-November period last year, the ONS said. In another signal of continued recovery, the total claiming jobless benefit fell by 32,600 in August – the steepest decline since June 1997. The monthly jobs data has taken on a new significance since the Bank of England pledged last month to keep the base rate of interest at its record low as long as the unemployment rate remained above 7%. SOURCE: news.sky
Posted on: Thu, 12 Sep 2013 08:57:38 +0000
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