UK unemployment rate falls at the fastest rate in over four years to 3.8% in three months to September

  • Nov 12, 2019 GMT
  • Team Kalkine
   
  • Unemployment in the UK declined sharply by 72,000 to 1.31 million in the three months to September (YoY), taking the jobless rate down to 3.8 per cent; its 0.2 percentage points lower than a year earlier and 0.1 percentage points lower than last quarter.
  • The Office for National Statistics (ONS) though reported that the number of people in work declined by 58,000 to 32.75 million in the quarter, mainly because of the surge in the number of economically inactive individuals.
  • However, for the period August to October 2019, the estimated UK vacancies stood at 800,000, lower by 18,000 vacancies than for the three months to July 2019.

With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities. 

Amidst this, are you getting worried about these falling interest rates and wondering where to put your money?

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