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July 29 2014

Unemployment Falls to Five-year Low

"The number of people out of work in the UK fell to a five-year low in the three months to the end of March, according to official figures. The Office for National Statistics (ONS) said that unemployment fell by 133,000 to 2.2m, taking the jobless rate to 6.8%, the lowest since 2009. The number of people in work rose to 30.43m, the highest since records began in 1971. The number of vacancies in the economy is at its highest since the spring of 2008. Minister for employment Esther McVey said, ""As the recovery takes hold, more people are able to get a job or set up their own business and become the employers of tomorrow."" "