UK Unemployment Rate Decreases, Good News for Cameroon led Conservative party before general elections 2015,, UK election News updates, United Kingdom general polls, UK Election news 2015
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- Last Updated: Thursday, 19 February 2015 18:01
UK Unemployment Rate Decreases, Good News for Cameroon led Conservative party before general elections 2015
Britain's unemployment rate has descended to a new six-year low of 5.7 percent while growth in wages outpaced inflation, official data showed Wednesday, offering the government a lift before May elections.
The jobless rate for October-December was down from 5.8 percent for the three months to the end of November, its lowest level August 2008, the Office for National Statistics (ONS) said in a statement.
The rate is currently the third lowest in the European Union, after Germany's 4.8 percent and Austria's 4.9 percent. Markets had anticipated no change in jobless figures.
Wages excluding bonuses advanced 1.7 percent in the three months to December compared to the previous year.
The data provided a lift to Prime Minister David Cameron's Conservative-Liberal Democrat coalition government, which faces a general election in May.
"It is also potentially good news for the government as the Conservatives and Liberal Democrats will both be hoping that rising real earnings growth will make people feel happier about life and more inclined to vote for them as May?s general election draws ever closer."