UK unemployment rate falls to six-year low

UK unemployment fell to its lowest level in six years in the three months to July, according to the latest figures from the Office for National Statistics (ONS).

The number of unemployed in the UK has now fallen by 146,000 to 2.02 million, with an unemployment rate of 6.2%, the lowest since the three months to November 2008. The annual fall in unemployment amounted to 468,000, the largest annual fall in over two decades. The official figures also showed that the number of people claiming Jobseeker's Allowance in August fell by 37,200 to 966,500. However, wages have only risen by 0.6% in the three months to July, showing the recovery is not as robust as the employment figures suggest. Although stronger employment numbers put further press...