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14th of July 2024
Home > Blog > Blog > UK unemployment falls to 1.86 million

The number of people out of work in the UK fell by 97,000 to 1.86 million in the three months to December. The unemployment rate now stands at 5.7% of the adult working population, the Office for National Statistics (ONS) said. The ONS said the employment rate, or level of people in work, was 73.2%, its joint highest rate. Average earnings including bonuses were up 2.1% in the quarter compared with a year earlier. Excluding bonuses, earnings rose by 1.7%. CPI inflation was 0.5% in December, and new data released on Tuesday showed the rate fell to 0.3% in January, its lowest level since records began. Employment increased by 103,000 to close to 31 million, the highest since records began in 1971. Over the quarter there was also a drop of 19,000, to 4.4 million, in number of people in self-employment.