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UK unemployment hits record low

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  • 16/08/2017
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UK unemployment hits record low
The number of jobless people recorded in the UK fell 57,000 in the three months to June, its lowest point since 1975.

The Labour Force Survey to June showed 75.1% of people between 16 to 64 have jobs, the highest number since records began in 1971.

Just 4.4% of the population, or 1.58 million people are actively looking for work.

The figures were bolstered by the 8.77 million people in the country classed as economically inactive, or not looking for a job.

 

Earnings fall

However, despite record numbers of people in work, average weekly earnings fell by 0.5% across Great Britain year-on-year.

Matthew Percival, CBI head of employment, said: “Continuing strong employment growth is tainted by falling real wages, reducing household spending power.

“Separate figures confirm that productivity has been falling throughout 2017 – this matters as rising productivity is the only sustainable route to higher wages and better living standards.

“It’s therefore incumbent upon the government to work with businesses to protect the UK’s flexible labour market, and design an industrial strategy that will drive productivity and wage growth.”

Office for National Statistics senior labour market statistician Matt Hughes said: “The number of workers born elsewhere in the EU continues to increase, but the annual rate of change has slowed markedly,” he added.

Jobs were created in the construction, accommodation and food services sectors and transport and storage industries.

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