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Unemployment falls to 10-year low in latest figures

Credit: PA

Unemployment has fallen to a 10-year low in the latest official figures from the Office for National Statistics

The number of people seeking work dropped by 16,000 to 1.62 million - or 4.8% - in the three months to October.

The UK now has one of the lowest unemployment rates in the EU, with only Germany and the Czech Republic having a lower figure.

Average earnings also edged upwards by 0.1% on the previous month, with workers seeing an average increase of 2.5% in the year to October.

The ONS also reported a rise of 76,000 in the number of people classed as economically inactive - a category of people who are of working age but are not currently in or actively seeking work.

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