The number of people in employment across the UK has fallen, for the second month in a row.
There were 56,000 fewer people in work in the July-October quarter, compared to the previous three months. That’s the biggest drop since May 2015, taking the total number of people in work down to 32.08 million.
But the number of people classed as unemployed has also dropped in the last quarter, by 26,000, to 1.43 million. That leaves the unemployment rate at a 42-year low of just 4.3%, the same as last month.
Importantly, more people have simply dropped out of the labour force altogether, and are classed as ‘economically inactive’.
Here are the key points from the Office for National Statistics:
The UK unemployment rate fell marginally (by 0.1 percentage points) to 4.3% in the three months to October 2017, compared with the previous quarter, to a joint lowest unemployment rate since 1975.
The UK employment rate fell by 0.2 percentage points to 75.1% in the three months to October 2017 compared with the previous quarter.
The level of employment fell by 50,000 for men and by 6,000 for women.
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