The number of people unemployed in the UK fell by 34,000 to 2.47m in the three months to May, official figures show. Those claiming Jobseeker's Allowance fell in June by 20,800 to 1.46m. That took the jobless rate to 7.8%, the lowest since January and below forecasts of about 7.9%. This compares with 10% in the eurozone, 9.5% in the US and 5.2% in Japan. The number of people in work rose by 160,000 in the three months to May, the biggest rise since August 2006.
.jpg)
I'm the guv'nor round 'ere and don't you forget it
"Evidence from the Bank of England's agents and recent employment surveys is that the labour market in the UK has stabilised and that labour demand in the private sector may have already started to pick up," said Andrew Sentance, a member of the Bank of England's Monetary Policy Committee. Meanwhile BBC News reported that "the figures will raise hopes that the economic recovery is gaining momentum."
Source: Office for National Statistics
