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 jobseekera��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.a�?

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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