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UK unemployment falls to lowest level in a decade

Written by: Paloma Kubiak
The UK unemployment rate fell to its lowest level in ten years in the three months to November, according to the Office for National Statistics (ONS).

The unemployment rate now stands at 5.1%, down from 5.8%. It has not been lower since August – October 2005.

The jobless number in the UK fell by 99,000 to 1.68 million, the ONS said.

The number of people in employment increased by 267,000 on the quarter and by 588,000 on the year to reach 31.39 million for September to November 2015.

According to ONS, the employment rate for people aged 16 to 64 was 74%, the highest level since comparable records began in 1971.

Average pay including bonuses for the quarter was 2% higher than a year earlier, while pay excluding bonuses grew by 1.9%.

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