Jobless level is at lowest level since 1974 but pay growth still failing to keep pace with soaring inflation
The number of working-age adults in Britain who are not in the jobs market because they are long-term sick has increased to a record high, official figures show, amid concerns over shortages of workers in the UK economy.
The Office for National Statistics said unemployment in the UK fell to 3.5% in the three months to August from a previous level of 3.8%, dropping to the lowest level since February 1974.
Jobless level is at lowest level since 1974 but pay growth still failing to keep pace with soaring inflationThe number of working-age adults in Britain who are not in the jobs market because they are long-term sick has increased to a record high, official figures show, amid concerns over shortages of workers in the UK economy.The Office for National Statistics said unemployment in the UK fell to 3.5% in the three months to August from a previous level of 3.8%, dropping to the lowest level since February 1974. Continue reading…