News
UK unemployment rate falls to near 10-year low
Written By:
Joanna Faith
Posted:
Updated:
16/12/2015
The UK unemployment rate fell to 5.2% in the three months to October, the lowest for nearly ten years.
It has not been lower since the three months to January 2006, according to Office for National Statistics (ONS) figures.
The UK unemployment rate is the proportion of the labour force (those in work plus those unemployed) that are jobless.
Between August and October, there were 1.71 million unemployed people in the UK, 110,000 fewer than for May to July 2015 and 244,000 fewer than for a year earlier.
Average pay for employees in the UK increased year-on-year by 2.4% including bonuses and by 2.0% excluding bonuses.
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