Unemployment falling

Labour Market Statistics, July 2014: ONS

  • For March to May 2014, there were 2.12 million unemployed people, 121,000 fewer than for December 2013 to February 2014 and 383,000 fewer than a year earlier.
  • The unemployment rate continued to fall, reaching 6.5% for March to May 2014, the lowest since October to December 2008.
  • For March to May 2014, there were 8.78 million economically inactive people (those out of work but not seeking or available to work) aged from 16 to 64. This was 67,000 fewer than for December 2013 to February 2014 and 258,000 fewer than a year earlier.
  • The proportion of people aged from 16 to 64 who were out of work but not seeking or available to work continued to fall, reaching 21.7% for March to May 2014. The economic inactivity rate last reached 21.7% in July to September 1990 and, since records began in 1971, it has never been lower.
  • For March to May 2014, there were 30.64 million people in work, 254,000 more than for December 2013 to February 2014 and 929,000 more than a year earlier.
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