Unemployment falls to 7.1%, close to key rate

Unemployment fell by 167,000 between September and November to 2.32 million, a rate of 7.1%, official figures showed. It is close to the 7% figure at which the Bank of England has said it will consider raising interest rates.

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Unemployment figures: Full regional breakdown

A breakdown of unemployment figures published by the Office for National Statistics has highlighted economic differences across the country:

Region, Total unemployed, Change on quarter, Unemployment rate

  • North East, 134,000, plus 1,000, 10.3%
  • North West , 270,000, minus 24,000 , 7.9%
  • Yorkshire/Humber, 235,000, minus 8,000, 8.4%
  • East Midlands, 149,000, minus 28,000, 6.4%
  • West Midlands, 222,000 , minus 32,000, 8.1%
  • East of England , 178,000 , minus 7,000, 5.7%
  • London, 354,000, minus 18,000, 8.1%
  • South East, 244,000, minus 29,000, 5.3%
  • South West , 187,000, plus 15,000 6.8%
  • Wales, 108,000, minus 12,000, 7.2%
  • Scotland, 176,000, minus 25,000, 6.4%
  • Northern Ireland, 63,000, plus 1,000, 7.3%

TUC: Bank interest rate rise would 'clobber' recovery

The TUC General Secretary Frances O’Grady has said that falling unemployment followed by an early Bank interest rate rise would "clobber mortgage holders and businesses".

TUC General Secretary Frances O'Grady

The Trade union boss said: “..while headline unemployment is within a whisker of the Bank’s forward guidance threshold, an early interest rate rise would clobber mortgage holders and businesses – jeopardising our economic recovery.

“Patchy levels of jobs growth in parts of the north and the continuing squeeze on living standards should make the Bank of England think twice before considering a rate raise.”

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