Unemployment rate falls to lowest since 2005
Some good news. Although we do now live in a world where a DWP employee told me that agency working and transient pattern of employment were something we need to accept as a way of life….
Official figures released today show that the unemployment rate has fallen to 4.7% – the lowest level in 12 years.
The Office for National Statistics (ONS) has confirmed that employment continues to run at a record high rate of 74.6%, with 31.85 million people in work – an increase of 315,000 on the year and more than 2.8 million since 2010.
The rise in employment continues to be driven by full-time work. Meanwhile, average weekly wages grew by 2.2% over the last year.