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The unemployment rate was 8.4 per cent, up 0.3 on the previous quarter. There were 2.68 million unemployed people, the highest since 1994 and up 118,000 on the quarter

 

The key points from this release are:

The employment rate for those aged from 16 to 64 was 70.3 per cent, down 0.1 on the quarter. There were 29.12 million people in employment aged 16 and over, up 18,000 on the quarter. The unemployment rate was 8.4 per cent of the economically active population, up 0.3 on the quarter. There were 2.68 million unemployed people, up 118,000 on the quarter. The unemployment rate has not been higher since 1995 and the number of unemployed people has not been higher since 1994. The inactivity rate for those aged from 16 to 64 was 23.1 per cent, down 0.2 on the quarter. There were 9.29 million economically inactive people aged from 16 to 64, down 61,000 on the quarter.

Total pay (including bonuses) rose by 1.9 per cent on a year earlier, down 0.2 on the three months to October 2011(with both the private and public sectors showing lower pay growth). Regular pay (excluding bonuses) rose by 1.9 per cent on a year earlier, up 0.1 on the three months to October 2011.



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Written by Scott Buckler   
Wednesday, 18 January 2012 09:53
Last Updated on Wednesday, 18 January 2012 09:55
 

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