Unemployment fell again to 6.2 per cent in the three months to July with nearly 500,000 more people finding work in the last 12 months.
Office for National Statistics’ data, published last week, shows there were 2.02 million unemployed people during the period, down from 2.08 million in the three months to June 2014. The May to July figure is 146,000 fewer than the number recorded in April 2014 and 468,000 fewer than a year earlier.
It is the largest annual fall in unemployment since 1988.
The unemployment rate of 6.2 per cent is the lowest recorded since late 2008 and 20 basis points below the figure recorded in the three months to June. The unemployment rate is the proportion of the economically active population – those in work plus those seeking and available to work – who were unemployed.