UK unemployment rate falls to 7.7%

| October 13, 2010
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The Office for National Statistics (ONS) has today revealed UK unemployment dipped in the three months to August.

The ONS said unemployment fell by 20,000 in the three month period to 2.448 million.

The latest figures means the unemployment rate dipped from 7.8% to 7.7% – the lowest rate since May 2009.

In the meantime, the number of Britons claiming jobseekera��s allowance (JSA) rose by 5,300 in September to 1.47 million, the ONS said.

This was just slightly above expectations of a rise of 5,000 and followed Augusta��s upward revision of 3,800.

The figures come on the same day that a report by accountancy firm PricewaterhouseCoopers (PwC) revealed around one million jobs could be lost in the UK, as a result of the massive spending cuts introduced by the Government.

According to PwC, business services and construction would be among the industries worst hit.

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