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.
For September 2013 there were 5.7 million people working in the public sector across the UK accounting for 18.8% of people in employment, the Office for National Statistics said. It represents the lowest percentage since the series began in 1999.
Unemployment fell by 167,000 between September and November to 2.32 million, a rate of 7.1%, official figures showed.
So will interest rates rise? That’s the obvious question after the unemployment rate dropped even faster than economists were expecting.