Unemployment down by 47,000, wages increase

UK unemployment has fallen by another 47,000 over the past three months, and is down 79,000 compared to the same period one year ago, according to the Office for National Statistics.

It is yet another example of how the pro-EU establishment’s Project Fear is now a total busted flush as the UK prepares to leave the European Union.

Average weekly earnings for employees in real terms increased by increased by 0.7% excluding bonuses, and by 0.4% including bonuses in comparison to the previous year.

Average weekly earnings not adjusted for price inflation increased by 3.1% excluding bonuses, and by 2.7% including bonuses. That’s the fastest pace for nearly 10 years.

Commenting on the latest figures David Freeman, Head of Labour Market statistics at the ONS, said: “People’s regular monthly wage packets grew at their strongest rate in almost a decade but allowing for inflation the growth was much more subdued.”

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The unemployment rate was 4% by August this year, the lowest since 1975.

On top of all of that there were 832,000 job vacancies for July to September, up 35,000 compared to one year ago.