Unemployment falls to lowest level since 2008

The unemployment rate has fallen to 5.3%, the lowest rate since 2008, according to the Office for National Statistics.

Unemployment among men fell more than for women. There were 957,000 unemployed men, 130,000 fewer than for a year earlier. There were 793,000 unemployed women, 80,000 fewer than for a year earlier. Some 78.5% of men and 69.0% of women aged from 16 to 64 were in work. The employment rate for men (78.5%) was lower than before the economic downturn of 2008 to 2009, but the highest for women since comparable records began in 1971, partly due to ongoing changes to the state pension age for women resulting in fewer women retiring between the ages of 60 and 65.

The increase in jobs came from both full-time and part-time jobs. There were 22.80 million people working full-time, 273,000 more than for a year earlier. There were 8.42 million people working part-time, 146,000 more than for a year earlier. The number of men working full-time increased by 136,000 to 14.38 million and those working part time increased by 82,000 to 2.23 million. The number of women working full time increased by 137,000 to 8.42 million with the number working part time rising by 64,000 to 6.18 million. Both employee and self employment jobs were up, 435,000 for employees and 30,000 for the self-employed.

There were 8.97 million people aged from 16 to 64 who were economically inactive, which includes stay at home parents, 22,000 fewer than for April to June 2015 and 62,000 fewer than for a year earlier.

Pay increased by 3% including bonuses and by 2.5% excluding bonuses.





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