UK unemployment has fallen below the 2 million mark for the first time
since the global financial system was on the brink of collapse in 2008
In a pre-election boost to the UKgovernment, the number of unemployed people fell to 1.97 million between June and August, the lowest level since late 2008 when the US investment bank Lehman Brothers imploded and Britain was in the early stages of recession.
There were 538,000 fewer unemployed people over the three months compared with the year earlier, which was the largest annual fall in joblessness since records began in 1972 according to the Office for National Statistics.
British PM David Cameron said: “The biggest-ever fall in unemployment in history, taking it below 2m, is great news. Our plan is working, but there’s still much more to do.”
The jobless rate fell to 6% in the three months to August, from 6.2% in the quarter to July. It was the lowest rate since late 2008. The employment rate rose to 73%, a level last seen in spring 2008 and close to the all-time high of 73.2%.
Simon Walker, the director general of the Institute of Directors, said falling unemployment was testament to the “fortitude of British business”.
In a pre-election boost to the UKgovernment, the number of unemployed people fell to 1.97 million between June and August, the lowest level since late 2008 when the US investment bank Lehman Brothers imploded and Britain was in the early stages of recession.
There were 538,000 fewer unemployed people over the three months compared with the year earlier, which was the largest annual fall in joblessness since records began in 1972 according to the Office for National Statistics.
British PM David Cameron said: “The biggest-ever fall in unemployment in history, taking it below 2m, is great news. Our plan is working, but there’s still much more to do.”
The jobless rate fell to 6% in the three months to August, from 6.2% in the quarter to July. It was the lowest rate since late 2008. The employment rate rose to 73%, a level last seen in spring 2008 and close to the all-time high of 73.2%.
Simon Walker, the director general of the Institute of Directors, said falling unemployment was testament to the “fortitude of British business”.
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