Unemployment figures fall again to 2.45 million

clock

The rate of unemployment has fallen again and now stands at 7.8%, according to the ONS.

Total unemployment stood at 2.45 million for the three months to January, down 33,000 on the previous quarter. However, long-term unemployment, based on those out of work for more than a year, rose by 61,000 to 687,000. Additionally the number of people in work actually fell in the quarter, by 54,000 to 28.86 million. The ONS said unemployment and employment were both falling because of a rising number of people being classed as economically 'inactive', including students and those on long term sick leave as well as those who have simply stopped looking for work. The figures rec...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Restricted and independent: Why the language of advice must move with the times

Restricted and independent: Why the language of advice must move with the times

'These labels matter because they influence how people view advice'

Roger Brosch
clock 20 June 2025 • 3 min read
PA Asks: What song would the current advice landscape be?

PA Asks: What song would the current advice landscape be?

Plus targeted support hopes, geopolitical tensions and PFS membership

Professional Adviser
clock 20 June 2025 • 1 min read
Women in Financial Advice Awards 2025: Entry period closes today!

Women in Financial Advice Awards 2025: Entry period closes today!

There is still time to complete your WIFA 2025 entries

Professional Adviser
clock 20 June 2025 • 1 min read