Joblessness at 5.4% with wages rising at annual rate of 3%,says Office for National Statistics, in data hailed by George OsborneGeorge Osborne has seized upon news that unemployment has fallen to its lowest level in seven years to press home the message that his economic plot is bearing fruit.
The latest official snapshot of the jobs market, and published on Wednesday and covering June to August,showed a 79000 decline in unemployment to 1.77 million, taking the jobless rate to 5.4%, or the lowest since 2008. The employment rate,at 73.6%, was the highest since records began in 1971.
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Source: theguardian.com