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UK unemployment falls to six year low of 2.12m

   UK unemployment fell by 121,000 to 2.12 million in the three months to May, official figures show.

The figure is the lowest level in nearly six years, according to the Office for National Statistics (ONS).

The rate of unemployment also fell again, to 6.5% from 6.6% in the three months to April.

The number of people claiming jobseeker's allowance last month fell by 36,300 to 1.04 million, the ONS added.

Prime Minister David Cameron hailed the figures as proof that the government's economic plan was working.

He said: "Today's figures show more people have the security of a job than ever before. Full employment is a key aim of our long-term economic plan."
Wage growth slows

But the growth of wages slowed down again. Average wages in March to May including bonuses were just 0.3% higher than a year ago. Average wage rises excluding bonuses rose in that time by 0.7%.

Wage growth has been steadily declining since the first quarter of this year. Between January and March, annual wage growth stood at 1.9%.

The latest figures show wage rises including bonuses are at their lowest since 2009, while excluding bonuses average wage increases are their lowest since 2001.

They also show that more than 78% of men and 68% of women are in work, giving an employment rate of 73.1%.

Read the full article at BBC News


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