1.4 Million Unemployed: UK Faces Largest Drop In Employment Since 1975
The number of people classed as “economically inactive” has risen to 8.8 million

New figures show the number of people in work has fallen by 56,000 in recent months, the biggest slump in more than two years.

The Office for National Statistics (ONS) said that there were only over 32 million people in employment, but the 56,000 in the three months to October is the largest quarterly drop since May 2015.

The data show unemployment fell by 26,000 to 1.4 million, which is 182,000 lower than a year ago. The fall in employment was virtually all among full-time men.

The claimant count, which includes people on Jobseeker’s Allowance and the unemployment element of Universal Credit, increased by 5,900 last months to 817,500.

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The total number of people classed as economically inactive, including students, those on long-term sick leave, taken early retirement or who have given up looking for work, increased by 115,000 to 8.8 million.

Debbie Abrahams, shadow work, and pensions secretary said:

“Today’s figures are further evidence of Tory economic failure, only a day after inflation rose to its highest level in over five-and-a-half years.”

“Both employment and real wages are falling, while the price of household essentials balloons, leaving millions of people worse off than they were in 2010.”

“Eight million people in working households live in poverty, and many will struggle this Christmas as a direct result of this Government’s austerity policies.”

The figures showed Job vacancies were up by 14,000 to a record 798,000.

Damian Hinds, the employment Minister said:

“We’re ending the year on a strong note, with figures showing the unemployment rate has fallen every month in 2017 and is now at the lowest it’s been in over 40 years.”

“Employment is at a near-record high, and there are over three million more people in work now compared to 2010 – that’s more than the population of Greater Manchester.”

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