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Unemployment falls to 6% as wages outstrip inflation

Unemployment fell to just 6 per cent in September as 115,000 more people found work in the last three months.

Office for National Statistics data, published today, shows unemployment has fallen to 1.96 million.

In the last year, 589,000 more people have found work as the jobless rate has plummeted from 7.6 per cent last September to just 6 per cent this year.

In addition, wages excluding bonuses grew 1.3 per cent in September compared to a year earlier, outstripping inflation for the first time in five years.

Last year, the Bank of England set a 7 per cent unemployment level as one of the triggers for an interest rate rise but quickly abandoned its plans.

Bank economists have cooled talk of any rate rise in the coming months due to economic problems in the eurozone and low inflation.

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Comments

There are 3 comments at the moment, we would love to hear your opinion too.

  1. Has unemployment fallen because the FCA and FOS are beefing up their employees prior to their provision of STATE Guidance for pensions ?

  2. WAYNE JABBERWOCKY 12th November 2014 at 3:04 pm

    interesting thought
    unemployment as high as 6% bad
    nearly 2 million out of work
    that’s bad..importing employees from Europe and elsewhere .to fill possible vacancies in uk
    very bad [but it will ensure a pool of unemployed people in perpetuity ]
    to claim 115000 found work is a drop in ocean very bad
    to say wages outstrip inflation ..really bad
    1.5 % is marginally ahead ..
    nearly 2 million out of work a huge amount of people
    you can fool some of the people etc etc

  3. Labour’s only response is to claim that the general populace isn’t yet feeling the benefits. What other criticism can they mount?

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