Unemployment hits 30 year low 17 April 2008
Posted by karenbuckmp in National News.trackback
New figures from the Office of National Statistics show that the total number of people in work rose to a record high of 29.51 million-450,000 up on a year ago, and unemployment fell to 794,300- the lowest since 1975.
Average earnings increased by 3.7% over the same period.
Karen Buck MP commented on the news saying, “The credit crunch which has followed from the crisis in American banks and other financial institutions is causing real pain, and more needs to be done to ease the pressure. However, unlike the economic crash of the late 1980s, interest rates remain relatively low and employment is strong.”
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