Rise in unemployment slows

The number of unemployed in the UK increased by 30,000 over the three months to September taking the total amount out of work to 2.46 million. However, the Office for National Statistics said the increase was the smallest reported since May last year, while the rate of unemployment remained steady at 7.8%. Despite this, the rate relating to 18 to 24 year olds increased to 18%, the highest seen since records began in 1992. A 12,900 increase in the claimant count in October was the smallest seen in 18 months, despite reaching its highest level since April 1997. With the figures not as bad as had been predicted, it appears activity in the UK economy might be beginning to gather positive momentum.
 
 
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