Unemployment falls as earnings rise

UK
unemployment fell by 16,000 between May and July to 1.41 million, official
figures show.

The
number of people claiming unemployment benefit last month fell by 6,100 to
830,200, according to the Office for National Statistics.

Average earnings, including bonuses, increased by
3.8 per cent in the year to July, down 0.5 per cent from the previous month.

The
unemployment rate covering the latest quarter to July was 4.7 per cent,
virtually unchanged from the previous quarter, but down 0.3 per cent over the
year.

The
number of economically inactive people, including those who are sick or
disabled, have taken early retirement or simply stopped looking for work,
increased by 73,000 to 7.88 million in the three months to July.

By Daniel Thomas

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