UK Unemployment Rate Falls Further

The jobless rate in the UK decreased to 5.5 percent in the three months to March 2015 from 5.6 percent in the previous period. It is the lowest number since May-July 2008 as the employment rate reached the highest since records began in 1971.
ONS | Joana Taborda | 5/13/2015 10:44:19 AM
There were 1.83 million unemployed people. This was 35,000 fewer than for October to December 2014, the smallest quarterly fall since June to August 2013. Comparing January to March 2015 with a year earlier, there were 386,000 fewer unemployed people.

There were 31.10 million people in work, 202,000 more than for October to December 2014 and 564,000 more than for a year earlier. The employment rate was 73.5 percent, the highest since comparable records began in 1971.

Wages increased by 1.9 percent including bonuses and by 2.2 percent excluding bonuses, comparing with the same period a year earlier.

The number of people claiming unemployment benefits (claimant count) declined by a seasonally adjusted 12,600 last month, compared to expectations for a decline of 20,000.

There were 8.98 million people aged from 16 to 64 who were out of work and not seeking or available to work, 69,000 fewer than for October to December 2014 but little changed compared with a year earlier. The inactivity rate was 22.1 percent, lower than for October to December 2014 (22.3 percent) but unchanged compared with a year earlier.

UK Unemployment Rate Falls Further