Unemployment Falls As Wages Stagnate

by | 0 comments

Unemployment continues to fall and employment rates rise while wages fall in real terms. Youth unemployment shows a similar picture, for May to July 2017 shows the unemployment rate for 16 to 24 year olds was 10.6, lower than for a year earlier (11.%). The unemployment rate for those aged from 16 to 24 has been consistently higher than that for older ages. The long-term unemployment (16-17 year olds unemployed for 12 months or more) sees a slight decrease this month, from 6.9% in August to 5.5% this month, the same as the 3 months to April 2017, contributing to this change this may be the availability of seasonal work. See this BBC report here.