{"id":94783,"date":"2018-08-14T14:35:00","date_gmt":"2018-08-14T14:35:00","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=e6cd14f6eb6aa2733ea9cb19d3f2c55c"},"modified":"2018-08-14T14:35:00","modified_gmt":"2018-08-14T14:35:00","slug":"press-release-unemployment-rate-falls-to-4-with-record-low-youth-unemployment","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=94783","title":{"rendered":"Press release: Unemployment rate falls to 4%, with record low youth unemployment"},"content":{"rendered":"
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As young people in England and Wales await their A-level results on Thursday 16 August, the proportion of young people who are unemployed and not in full-time education is at a record low of 4.7%.<\/p>\n

Meanwhile, there are also a record number of older people in work \u2013 over 10.2 million.<\/p>\n

Secretary of State for Work and Pensions Esther McVey said:<\/p>\n

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With the unemployment rate falling further to just 4%, and youth unemployment down over 45% since 2010, school leavers this week can look forward to a growing jobs market, improving the prospects for their future careers.<\/p>\n

In fact, the UK\u2019s vibrant jobs market is benefiting people across the board. Record rates of ethnic minority people in work also show that more families across our society are benefiting from the security of a job, with wages also on the increase.<\/p>\n

We have some of the most creative, innovative and hard-working young people in the world and this summer I\u2019ve been urging them to take on a summer job, gaining \u2018soft skills\u2019 \u2013 or as I call them, essential skills \u2013 for their future careers.<\/p>\n<\/blockquote>\n

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\"Youth<\/div>\n<\/figure>\n

Minister of State for Employment Alok Sharma said:<\/p>\n

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With the unemployment rate at a 43-year low, it is also very good that we are seeing wages continuing to outpace inflation for the fifth month in a row.<\/p>\n

We\u2019ve backed businesses to create jobs and reformed welfare to make work pay, and thanks to the government\u2019s policies and employers\u2019 confidence in the British economy we have seen over 3.3 million more people employed in our country since 2010. Over 75% of these people are employed in permanent jobs and full-time jobs and over 70% in higher-level occupations which pay higher wages.<\/p>\n<\/blockquote>\n

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\"Unemployment<\/div>\n<\/figure>\n

Today\u2019s figures also show:<\/p>\n