UK unemployment has dropped to 4.7% in the latest figures, marking a decline from the previous rate of 4.9%, according to official data. The Office for National Statistics also reported a slight increase in payrolled employees, rising by 13,000 to reach 30.3 million. However, the number of job vacancies continues to shrink, raising questions about the balance between labor demand and supply. These figures come ahead of the upcoming budget announcement.
ONS data shows rate down from 4.9% but number of job vacancies continues to shrinkBusiness live – news updatesUnemployment in the UK fell unexpectedly in the three months to August, to 4.7% from 4.9%.The Office for National Statistics figures, which provide a backdrop to the budget on 28 October, also showed that the number of payrolled employees rose by 13,000 between August and September, to 30.3m. Continue reading...
