News Column

UK Jobless Rate At 5-Year Low

May 14, 2014

LONDON (Alliance News) - The UK unemployment rate fell to a five-year low in the first quarter, data from the Office for National Statistics showed Wednesday.

The ILO jobless rate declined to 6.8% during January to March, in line with expectations, from 7.2% in October to December.

Average earnings pay including bonuses increased 1.7% in the first quarter from a year earlier. Excluding bonuses, average income advanced 1.3%.

There were 1.12 million people claiming Jobseeker's Allowance in April, which was down 25,100 from March. Jobless claims, a narrow measure of unemployment, was expected to fall by 30,000.

The claimant count has fallen for 18 consecutive months, ONS said. The claimant count rate came in at 3.3% versus 3.4% in March.

Partly due to more self-employed people, employment rose by 283,000 from the prior quarter to 30.43 million in January to March period.

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Source: Alliance News

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