Jobless figures drop again
More good news: the number of unemployed has fallen again – to its lowest level for five years.
The Office for National Statistics said that the number of people out of work in the three months to April fell by 161,000 to 2.16 million.
The drop means that the unemployment rate has fallen to 6.6 per cent.
Other figures from the ONS showed that the number of people in work rose by a record 345,000 to 30.5 million.
Furthermore, the number of people claiming Jobseeker’s Allowance in May was down by 27,400 to 1.09 million.
The ONS said that the improvement in the jobs market was mainly due to jobs created in the private sector.
However, the quarterly rate of earnings growth slowed to 0.7% from 1.9% the previous month.
The ONS arrives at its figures by speaking to 60,000 households once a quarter for its Labour Force Survey.
The new figures comes after encouraging signs yesterday when the ONS said that UK industrial output grew at its fastest annual pace for three years in April.
It revealed that output rose by 3 per cent in April 2014 compared with April 2013 – the fastest annual rate since January 2011.
manufacturing output rose 4.4 per cent year-on-year – the fastest pace since February 2011.
Manufacturing output was boosted by transport equipment, electronic products, and rubber and plastics.
Earlier in the week, the National Institute for Economic and Social Research said that UK GDP grew by 0.9% in the three months ending in May, after growth of 1.1% in the three months to April.
More good news: the number of unemployed has fallen again – to its lowest level for five years. The Office…