UK jobless rate lowest since 1975
The ILO jobless rate came in at 4.3% in three months to August, the lowest since 1975, and in line with expectations. In the same period of 2016, the rate was 5%.
The number of unemployed decreased by 52,000 from March to May to 1.44 million. At the same time, people in work increased to 32.1 million.
The employment rate was 75.1% versus 74.5% a year earlier.
Data showed that total earnings, including bonus, increased 2.2% in June to August period from the previous year. Excluding bonus, earnings grew 2.1%.
The claimant count rate held steady at 2.3% in September. The number of people claiming unemployment benefits increased by 1,700 from August. ■