{"id":95498,"date":"2018-09-11T13:41:12","date_gmt":"2018-09-11T13:41:12","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=4613abaa407babe53ad79b3c4841e2e2"},"modified":"2018-09-11T13:41:12","modified_gmt":"2018-09-11T13:41:12","slug":"press-release-unemployment-down-by-over-1-1-million-since-2010","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=95498","title":{"rendered":"Press release: Unemployment down by over 1.1 million since 2010"},"content":{"rendered":"
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Britain\u2019s unemployment rate has not been lower since the mid-1970s, as official figures released by the Office for National Statistics<\/a> show it\u2019s fallen to 4.0%, with 1.15 million fewer unemployed people since 2010.<\/p>\n

The UK saw a sixth continuous month of real terms pay increases, with regular wages up by 2.9% in July, or 0.5% against CPIH inflation.<\/p>\n

Meanwhile the employment rate remains high, at 75.5%, with over 3.3 million more people in work since 2010 and youth unemployment at a record low, falling by over 45% since 2010.<\/p>\n

1.45 million more children are living in a home with all adults in work, and the proportion of children living in a household with no working adults has fallen by 33% in the UK since 2010, reaching a record low and taking tens of thousands of children out of poverty.<\/p>\n

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

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Since 2010 we have delivered significant growth in jobs, and in the last 6 months we\u2019ve seen real terms wage growth.<\/p>\n

We haven\u2019t had a lower unemployment rate for over 40 years and I\u2019m especially proud that youth unemployment is at a record low, falling by over 45% since 2010 – opening up career opportunities for our next generation.<\/p>\n

In the EU we see unemployment rates over double those of the UK. This government is transforming this country into a great working nation. Ready and prepared for the future challenges after Brexit.<\/p>\n<\/blockquote>\n

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

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With unemployment rate still at its lowest level in 43 years, it is good to see that for the sixth month in a row wages have grown faster than inflation helping to put more money in people\u2019s pockets. In the last quarter regular pay is up by 2.9%, 0.5% above inflation.<\/p>\n

Households across the country are benefiting from the security of being in work, and with increasing wages and GDP growth of 0.6% last quarter we are delivering an economy that supports working people.<\/p>\n

We\u2019ve taken millions out of paying income tax altogether, and by raising the National Living Wage have helped deliver the fastest pay rise for the lowest earners in 20 years.<\/p>\n<\/blockquote>\n

Today\u2019s (11 September 2018) figures also show:<\/p>\n