The rate of unemployment has dropped across the UK and in the West Midlands, latest figures have revealed.
Figures from the Office for National Statistics showed the UK rate of unemployment was 4.1 per cent over the three months to July, dropping from 4.2% over the previous three months and marking the lowest since the three months to January.However, vacancies fell once again, dropping by 42,000 quarter-on-quarter to 857,000 in the three months to August.
The West Midlands claimant count covering those claiming unemployment benefits, last month was up slightly at 213,625, compared to 213,475 in July.In Telford and Wrekin, the number was 4,825, up five from July while in Powys, the number of claimants was 2,090, a fall of 50 from July.Walsall's claimant count was 11,450 , up from 11,365 while Wolverhampton was 13,510 .
The Office for National Statistics said that regular wage growth fell to 5.1 per cent year on year over the three months to July, marking the lowest level since the quarter to July 2022. Matthew Percival, CBI Future of Work & Skills Director, said:"The labour market continues to send mixed signals with a continued softening of hiring intentions and vacancies, but easing pay pressures and a small decrease in long-term sickness for the fourth month in a row.
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