Positive prospects: UK unemployment hits its lowest point since 2008Contributor Dr. David Stubbs
The UK labour market continues to perform well, according to the report released today. The basic story of employment rising and unemployment falling continues. There were 31.12 million people in work, 140,000 more than for March to May 2015, and 359,000 more than for a year earlier. This drove the employment rate (the proportion of people aged from 16 to 64 who were in work) up to 73.6% - the highest since comparable records began in 1971. It also helped the unemployment rate fall to 5.4% - lower than for March to May 2015 (5.6%), and for a year earlier (6.0%). In fact, unemployment has not been lower since March to May of 2008.
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