In the wake of the UK’s record-breaking rate of job vacancies, the latest data from the Office for National Statistics (ONS) shows that the unemployment rate fell to 6.5%, the lowest since September 2008.
The ONS said:The rate of unemployment fell to 5.4% from 5.7% in August.
It is also at its lowest level since October 2008.
It’s lowest level of the year since October 2011.
The headline figure, which is based on employment in the self-employed sector, fell to 2.6% from 2.9% in July.
The figure was revised down to 2% from 3.1% from 4.2%.
The number of people who were in work rose by 7,000 in August, a sign that there was still plenty of demand for the sector.
The jobless rate fell again to 5% from 6%.
While the number of job openings rose by 5,000, the number who applied for the job was down by 13,000.
The figures will be used by ministers in their Autumn Statement to determine the number that the government will be looking at for its economic recovery plans.
The number for the number job vacancies fell to 9,000 from 11,000 the previous month.
However, the ONS figures also showed that there were fewer job openings than the previous peak in March and April, which were the two periods in which unemployment fell by more than 30%.
On the positive side, the figures suggest that the UK is no longer in recession, with unemployment dropping to 4.5% from the previous record high of 5.6%.
There are still more than 100,000 people unemployed, a figure that would be a record for any country in the developed world.
However, there is also a large number of young people who are being laid off as their job prospects are set to decline.
There is also good news for those looking to join the job market.
The unemployment rate for workers aged 16-24 rose to 4% from a previous peak of 4.3%.
The ONSB says:The latest employment figures provide further evidence that the economy is stabilising in the UK.
The rate of change in the labour market is not as high as previously, and is in line with the recovery in the wider UK economy.
The jobless rates in England and Wales and Scotland remain the highest in Europe, while in Northern Ireland and Wales the unemployment rates have fallen below the UK average.