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UNEMPLOYMENT HAS FALLEN THIS QUARTER

UNEMPLOYMENT HAS FALLEN THIS QUARTER

The Office for National Statistics (ONS) have revealed their figures for the past quarter. They have found that throughout the last quarter (March-May), the number of people in work increased. Employment is currently sitting at a rate of 74.9%, and 32.01 million people are in work.

The ONS have stated that this is the lowest that the unemployment rate has been since 1975. This time last year the unemployment rate was at 4.9%, and now it is sitting at 4.5%. In figures, this means that there were 64,000 less people unemployed this quarter, bringing the total to 1.49 million throughout Great Britain.

Matt Hughes, a Senior Statistician for the ONS, has commented that, “Despite the strong jobs picture… there has been another real-terms fall in total earnings, with the growth in weekly wages low and inflation still rising.” (BBC)

As Matt Hughes comment suggests, people’s actual weekly earnings this quarter fell by 0.7% (including bonuses).

If you would like to read more on the Office for National statistics, and their figures regarding employment this quarter, please follow: https://goo.gl/FpByn8

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