UK Economy
UK jobless numbers at five-year low; Average earnings rise overtake inflation
By Michael Hennigan, Finfacts founder and editor
Apr 16, 2014 - 4:42 PM

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The number of jobless in the UK dipped by 77,000 to a five-year low of 2.24m in the three months to February 2014 and there were 320,000 less unemployed than a year earlier, official figures published Wednesday show.

The unemployment rate fell to 6.9% of the adult working population, the Office for National Statistics (ONS) said.

Average earnings in the three months to February grew 1.7% compared with a year earlier. This compared with inflation at 1.6% in March.

The last time the rate of average wage increases exceeded the annual inflation rate was in early 2010.

At 30.39m for December 2013 to February 2014, employment was 239,000 higher than for September to November 2013 and 691,000 higher than a year earlier.

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