Unemployment has fallen to its lowest level in nearly a year,
figures from the Office of National Statistics (ONS) have
The number of people seeking job seekers' allowance fell by 5,500
in December as employment increased to more than 29 million thanks
to a 14,000-person boost.
The latest unemployment figures show that the total number of
people out of work currently stands at 1.67 million, a decrease of
more than 29,000 from September.
The decrease in unemployment and the noticeable increase in people
in work will be good news for graduates, who were recently warned that they would
face stiffer competition for jobs in the future as more people
undertaken university degrees.
Employment minister Jim Murphy said: "The latest figures provide a
picture of a strong labour market - employment up, unemployment
down and the numbers on benefits falling."
In addition, the ONS revealed that average earnings remained stable
throughout 2006, despite massive bonuses and wage increases in
areas such as the banking
and finance sector.
What are these?
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