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Home World Business

UK unemployment rate falls in six years

byCustoms Today Report
21/01/2015
in World Business
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LONDON: The jobless people in the UK fell by 58,000 to 1.91 million, its lowest level for more than six years, in the three months to November, official figures show.
The unemployment rate is at 5.8% of the adult working population, the Office for National Statistics (ONS) said.
In total, there are now 30.8 million people in work.
The ONS said wage growth had also continued to outpace inflation.
In the September to November period, average earnings excluding bonuses were up 1.8% from a year earlier, including bonuses, earnings rose by 1.7%.
It is the second consecutive month that both measures of earnings growth have been above the inflation rate.
Inflation, as measured by the consumer price index, stood at 1% in November and then fell to 0.5% in December as global oil prices tumbled further.

Tags: 58000lowest level for more than six yearsUnemployment in UK falls by

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