UK Economy
UK employment hits record high
By Finfacts Team
Oct 16, 2013 - 4:32 PM

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The number of unemployed in the UK dropped by 18,000 to 2.49m in the June-August period, official figures issued today show. The number at work hit a record high.

The Office for National Statistics (ONS) also said the number of people claiming Jobseeker's Allowance last month fell by 41,700 to 1.35m.

The unemployment rate dipped to 7.7%, down from 7.8% the previous quarter.

The number of people in work, both full-time and part-time, hit a record high of 29.87m in the quarter, up 155,000.

The ONS said almost 1.5m people were part-time because they could not find full-time jobs, the highest figure since records began in 1992.

The inactivity rate for those aged from 16 to 64 was 22.2%, down 0.2 percentage points from March to May 2013 and down 0.3 percentage points from a year earlier. There were 8.95m economically inactive people aged from 16 to 64, down 83,000 from March to May 2013 and down 88,000 from a year earlier.

Total pay rose by 0.7% compared with June to August 2012. Regular pay rose by 0.8% over the same period.

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