The number of unemployed people fell by 154,000 to 1.97 million between June and August 2014, according to official figures.
The Office for National Statistics (ONS) figures reveal that the unemployment was 6% between June and August 2014 – the lowest since August 2008.
Key ONS employment figures:
- 30.76 million people were in work between June and August 2014
- this is 736,000 more people in work than during the same period a year earlier
- 73% of people aged 16 – 64 were employed between June and August 2014.
Reaction To The Latest Labour Market Statistics
David Kern, chief economist at the British Chambers of Commerce, said:
“These figures confirm once again that the UK labour market remains strong. The significant fall in youth unemployment over the past year is a remarkable success story, despite the fact that it is above the national average.”
Neil Carberry, director for employment and skills at the Confederation of British Industry, said:
“This is another strong quarter for the labour market, with unemployment falling to its lowest level in 6 years.
“Overall employment growth has slowed, but it’s encouraging that we are seeing a renewed rise in people finding work with an employer, rather than in self-employment.”
John Allan, national chairman of the Federation of Small Businesses, said:
“Falling employment is a good for the UK economy. Small businesses are creating new jobs, but weak wage growth is still a concern. Government should use Autumn Statement as an opportunity to build on recent reforms and create the best possible environment to do business.”