Unemployment down 82,000 to 2.51 million


Unemployment fell by 82,000 between August and October to 2.51 million, today’s labour market statistics (pdf) reveal.

The headline figures are:

• The employment rate for those aged from 16 to 64 was 71.2 per cent, up 0.1 on May to July 2012 and up 0.9 on a year earlier. There were 29.60 million people in employment aged 16 and over, up 40,000 on May to July 2012 and up 499,000 on a year earlier;

• The unemployment rate was 7.8 per cent of the economically active population, down 0.2 on May to July 2012 and down 0.5 on a year earlier. There were 2.51 million unemployed people, down 82,000 on May to July 2012 and down 128,000 on a year earlier;

• The inactivity rate for those aged from 16 to 64 was 22.6 per cent, up 0.1 on May to July 2012 but down 0.6 on a year earlier. There were 9.07 million economically inactive people aged from 16 to 64, up 60,000 on May to July 2012 but down 249,000 on a year earlier;

• Total pay (including bonuses) rose by 1.8 per cent compared with August to October 2011. Regular pay (excluding bonuses) rose by 1.7 per cent compared with August to October 2011.

More soon…

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