UK unemployment reaches 2.67m

UK unemployment rose by 48,000 to 2.67 million in the three months to December, according to figures from the Office for National Statistics.

The unemployment rate was 8.4 per cent of the economically active population, up 0.1 per cent on the quarter.

The inactivity rate for those aged from 16 to 64 was 23.1 per cent, down 0.2 on the quarter. There were 9.29 million economically inactive people aged from 16 to 64, down 78,000 on the quarter. There were 29.13 million people in employment aged 16 and over, up 60,000 on the quarter.

Total pay, including bonuses, rose by 2 per cent on a year earlier, unchanged on the three months to November 2011. Regular pay, excluding bonuses, rose by 2 per cent on a year earlier, up 0.1 on the three months to November 2011.