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UK workforce sees biggest fall in two years

From BBC - November 15, 2017

The number of people in work in the UK has seen its biggest fall in the past two years, but unemployment also fell.

There were 32 million workers in the three months to September, down 14,000 from the last quarter, Office for National Statistics data shows.

At the same time, the number of jobless - those people not in work but seeking a job - fell 59,000 to 1.42 million.

Workers' earnings, including bonuses, rose 2.2% compared with a year ago, which still lags inflation of 3%.

Matt Hughes, a senior ONS statistician, said employment had declined after two years of "almost uninterrupted growth".

The last time there was a bigger fall in employment was in April to June 2015, when the number of people in work dropped by 45,000, according to the ONS.

Mr Hughes said: "But there was a rise in the number of people who were neither working nor looking for a job - so-called economically inactive people."

Wage squeeze

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