UK jobless total falls by 48,000

Written By Unknown on Rabu, 13 November 2013 | 16.50

13 November 2013 Last updated at 04:44 ET

The number of unemployed people in the UK fell by 48,000 to 2.47 million between July and September, the Office for National Statistics has said.

The unemployment rate fell to 7.6%, the lowest rate in more than three years.

The Bank of England has said it will not consider raising interest rates from their record low of 0.5% until the unemployment rate falls below 7%.

The number of people claiming Jobseeker's Allowance fell by 41,700 to 1.31 million in October.

The number of people in work rose by 177,000, while the percentage of 16-to-64 year-olds in employment rose to 71.8%.


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