Home Business News Unemployment falls to a 44-year low

Unemployment falls to a 44-year low

by LLB Reporter
17th Dec 19 1:13 pm

In the three months to October UK unemployment has fallen to its lowest level in 44-years as the unemployed women hit record low.

Over the period wage growth stalled and job vacancies shrunk, whilst the those claiming unemployment benefit decreased from 13,000 to 1.28m, according to the Office for National Statistics.

The rate of unemployment remained flat at 3.8% despite analyst expecting a forecast an increase of 3.9% of unemployment, which was driven by a decrease in the unemployment rate for women which fell to a record low of 3.5%.

Those in work increased by 24,000 to 32.8m in the period, despite this increase more were deemed economically inactive, as the level rose by 19,000 to 8.61m.

David Freeman, head of labour market and households at the ONS said, “While the estimate of the employment rate nudged up in the most recent quarter, the longer-term picture has seen it broadly flat over the last few quarters.

“Pay is still increasing in real terms, but its growth rate has slowed in the last few months.”

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