UK unemployment falls for first time in almost a year

UK unemployment has fallen for the first time in almost a year, according to figures from the Office of National Statistics (ONS).

The fall in unemployment is good news for those struggling to get by and building up debt as a result of a lack of income.

The ONS has reported that unemployment fell by 35,000 between December and February, to 2.65 million.

The news has been welcomed by politicians, but employment minister Chris Grayling has said there is still a lot of work to be done.

“Today’s figures are a step in the right direction but we still have a long way to go,” the minister said.

“We are pushing ahead with our strategy to promote investment and new jobs in the private sector and support people currently without work to take up those jobs.  I am particularly encouraged that overall employment is now growing despite reductions in the public sector.”

There was also good news for the younger generation, as it was found that the number of 16-24 year olds seeking work is down by 11,000 to 719,000.

Overall unemployment has also fallen, with the number of people forced into part-time work because they can’t find a full-time job falling by 84,000 to 1.4 million – the highest level since records began in 1992.

“While any rise in the number of jobs is welcome, the fact is that full-time employment is still falling and a record 1.4 million are now stuck in involuntary part-time work,” said Brendan Barber, General Secretary of the TUC.

“We now need to turn today’s good news into a sustained fall in unemployment, with decent pay rises and full-time work. The UK is still a million jobs short of its pre-recession health.”

You can compare savings accounts with Propertywide.

Posted by: WarrenWilson Categories: Finance Tags: , Comments Off on UK unemployment falls for first time in almost a year

Comments are closed.