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Entrepreneurs Panel

Tony Caldeira
Richard O'Sullivan
Steve Purdham
Michael Oliver
Jeremy Roberts
David Pollock
Laura Tenison
Jennie Johnson
Brian Hay
Charlie Mullins
Julie Meyer
Debbie Pierce

Unemployment falls to 1.65m

Unemployment fell to 1.65m between March and May, pushing the UK's jobless rate to an 11-year low, according to official figures.

The number of people out of work was down by 54,000 compared with the previous three months and was down by 201,000 year-on-year. The total is the lowest since spring 2008.

The unemployment rate fell to 4.9 per cent, down from 5.6 per cent in March to May 2015 and the lowest figure since July to September 2005.

Meanwhile, the number of people in work climbed by 176,000 compared with the three months to February to hit 31.7m. Employment was up by 624,000 year-on-year.

There were 23.19m people working full-time, up by 401,000 from March to May 2015. Another 8.52m people were working part-time, up by 223,000.

The overall employment rate was 74.4 per cent - the highest since comparable records began in 1971.

Average weekly earnings excluding bonuses rose by 2.2 per cent compared with a year earlier.

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