18 Feb 2015
UK unemployment declines to 5.7 percent, pay rises 2.1 percent
FXStreet (London) - The UK unemployment rate was 5.7 percent, lower than for July to September 2014 (6.0 percent) and lower than for a year earlier (7.2 percent), according to data released today by the Office for National Statistics (ONS).
The proportion of people aged from 16 to 64 in work (the employment rate), was 73.2 percent, higher than for July to September 2014 (73.0 percent) and for a year earlier (72.0 percent). The employment rate last reached 73.2 percent in December 2004 to February 2005 and, since comparable records began in 1971, it has never been higher.
There were 30.90 million people in work. This was 103,000 more than for July to September 2014 and 608,000 more than for a year earlier
Comparing October to December 2014 with a year earlier, pay for employees in Great Britain increased by 2.1 percent including bonuses and by 1.7 percent excluding bonuses.
The proportion of people aged from 16 to 64 in work (the employment rate), was 73.2 percent, higher than for July to September 2014 (73.0 percent) and for a year earlier (72.0 percent). The employment rate last reached 73.2 percent in December 2004 to February 2005 and, since comparable records began in 1971, it has never been higher.
There were 30.90 million people in work. This was 103,000 more than for July to September 2014 and 608,000 more than for a year earlier
Comparing October to December 2014 with a year earlier, pay for employees in Great Britain increased by 2.1 percent including bonuses and by 1.7 percent excluding bonuses.