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UK unemployment at 11-year low, but figures conceal problem at heart of economy, say TUC

The latest set of labour market figures published this week show UK unemployment fell by 37,000 to 1.6 million in the three months to September, hitting an 11-year-low.

The jobless rate fell to 4.8 per cent in the same period, while the number of people in work went up by 49,000. The new figures published by the Office for National Statistics (ONS) also show that average weekly earnings grew by 2.3 per cent in the year to October including bonuses and by 2.4 per cent excluding bonuses.

But the falling jobless figures conceal a huge problem at the heart of the economy, according to the Trade Union Congress (TUC), who say the weakest growth in real wages since early 2015 means the government must act on the threat to living standards.

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