UK unemployment falls to 2.46 million


The Office for National Statistics (ONS) has today revealed that UK unemployment fell to 2.46 million in the three months to September - below the 2.47 million recorded in the three months to August.

The unemployment rate remains at 7.8% and the increase of 30,000 without a job was the smallest in 18 months.

Unemployment had been expected to rise to a 15-year high of 2.5 million and the figures will be a welcome boost to the economy, which failed to emerge from recession in the third quarter.

In the meantime, the number of people claiming jobseeker’s allowance grew by 12,900 to 1.64 million in October - far below the expected rise of 20,000.

Ross Walker, UK economist at RBS Financial Markets, said the latest unemployment figures were “better than expected” adding that: “There is some evidence of stabilisation but it remains to be seen just how durable this proves to be.”

Meanwhile, the number of young people out of work, aged between 16 and 24 years old, also fell to 943,000, down from a previous 946,000.

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