UK unemployment falls as wages rise
Ostensibly good news apart from the fact that the most insuperable aspect of the unemployment challenge faces young people in rural areas. This article tells us:
According to the Office for National Statistics, the number of people out of work between February and April fell by 43.000 to 1.81 million. At the same time, wages have risen by 2.7% since August 2011 (including and excluding bonuses). Employment Minister Priti Patel described how the figures “confirm that our long-term economic plan is already starting to deliver a better, more prosperous future for the whole of the country, with wages rising, more people finding jobs and more women in work than ever before”. However, Anthony Reuben (head of statistics at the BBC) cautioned that with all surveys there is a margin of error so when the ONS estimates a fall of 43,000 they are 95% sure that the actual figure is between a fall of 121,000 and a rise of 35,000.