Jobless Rate Falls And Wage Rises Accelerate
Official figures show the UK's jobless rate has fallen to its lowest level in seven years and wage growth is accelerating.
The Office for National Statistics reported a fall of 35,000 in the number of people out of work in the three months to March, leaving the total at 1.83 million and the unemployment rate at 5.5% - down from 5.6%.
The rate, the ONS said, was now at its lowest level since May-July 2008 but the 35,000 decline in the jobless total was the smallest for almost two years.
Employment rose by 202,000 over the three-month period to more than 31 million, the highest since records began in 1971.
On the issue of pay, average earnings excluding bonus payments increased by 2.2% in the year to March, up by 0.2% on the previous month.
Pay rises are boosting spending p...
