Monday, 14 January 2013

UK unemployment falls dramatically


Britain's unemployment rate has shrunk by the biggest quarterly amount in more than a decade, with a record number of people working, official data showed.
The number of unemployed people fell by 82,000 to 2.51 million in three months through to October - the lowest since March to May 2011 - the Office for National Statistics (ONS) said. The jobless rate stayed at 7.8 per cent, in line with forecasts.
The ONS also revealed that the number of people in work has struck a new record high, jumping by 40,000 to 29.6 million people over the same period.