UK Unemployment Rate Falls To 7.8%

According to the Office For National Statistics, the unemployment rate fell in the three months to February 2011, however the unemployment situation worsened by 0.2% for 16-24 yr olds on the quarter.

2.48 million of the economically active population are unemployed in the UK, which is down 17,000.

The increase in employment is believed to be due to an upturn in the number of people entering full time employment, which rose by 140,000 to reach a total of 21.30 million on the quarter.


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