BlogUK Unemployment Slows

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UK unemployment has fallen by a further 88,000 in the three months to April, to 2.43 million, according to data released in the past hour by the Office for National Statistics. This is the largest quarterly fall in unemployment since August 2000.

The quarterly fall in unemployment occurred mainly among people aged from 16 to 24. The number of unemployed people in this age group fell by 79,000 over the quarter to reach 895,000, the lowest figure since the three months to April 2009.

The unemployment rate is 7.7%, according to the ONS, down from 7.9% in the previous quarter.

But the number of people claiming Jobseekers’ Allowance increased by 19,600 to 1.49 million, marking the biggest such rise since July 2009.

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