You are here: Home - Saving-Banking - News -

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%.

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Autumn Statement: Everything you need to know at a glance

Yesterday Chancellor Jeremy Hunt made his first fiscal statement in the role, outlining a range of tax measure...

End of Help to Buy: 10 alternatives for first-time buyers

The deadline for Help to Buy Equity Loan applications passed on 31 October. If you’re a first-time buyer who...

Moving to an energy prepayment meter: Everything you need to know

As households struggle with the soaring cost of energy, tens of thousands of billpayers are expected to move o...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week