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Some good news for once

Pleased for once | 16.10.2014 12:12

Youth unemployment has seen the largest annual fall since records began alongside the steepest annual fall in unemployment in 25 years.

Youth unemployment has seen the largest annual fall since records began 30 years ago – alongside the steepest annual fall in unemployment in a quarter of a century, figures published today by the Office for National Statistics show.

As part of the government’s long-term economic plan, the unemployment rate has also fallen again, down to 6.4%, the lowest since late 2008. Youth unemployment has fallen by 206,000 over the past year, which is the largest drop since records began in 1984, bringing it to the lowest level for nearly 6 years. The youth unemployment rate is down 4.5 percentage points compared to a year ago.

Unemployment fell by 437,000 over the past year – and 132,000 in only the past 3 months – which is the biggest annual fall in 25 years.

Pleased for once