UK unemployment has fallen to its lowest rate since July 2008, official figures have shown.
The number of jobless people dropped by 76,000 to 1.84 million in the three months to February, the Office for National Statistics said on Friday.
That means the unemployment rate has fallen to 5.6%, in line with forecasts.
Average weekly earnings in the three months to February, excluding bonuses, rose by 1.8% compared with the same period a year earlier.
Growth was slightly lower than the rate in January. When bonuses are included, weekly earnings rose by 1.7%.
The number of people claiming Jobseeker’s Allowance in March fell by 20,700 to 772,400, the ONS said.
Martin Beck, senior economic advisor to the EY ITEM Club, said: “The story of the UK labour market has long been a ‘jobs-rich’ but ‘pay-poor’ one. The latest numbers are no exception with good news for those looking for work, but less so for those already in employment.”
Samuel Tombs, senior UK economist at Capital Economics, said the UK’s “employment miracle shows no signs of drawing to a close” and expected the jobless rate to continue falling further in the coming months.
via BBC 
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