Figures have shown that the UK unemployment rate fell to 5.4% in the three months to August and is now at a seven-year low.
Between June and August, the number of people out of work was 1.77 million, which is down from 79,000 people from the previous quarter. The employment rate is at its highest since records began in 1971 as the number of people in work rose by 140,000 bringing the employment rate to 73.6%.
When compared to the previous year, the amount of people working full-time jobs in the three months to August increased. 22.77 million people were working full-time, which is up 291,000.
Those working in part-time jobs have also increased as it rose by 68,000 to 8.35 million.
The Office for National Statistics (ONS) said that the UK unemployment rate was the lowest jobless rate since the second quarter of 2008.
In terms of income, workers’ total earnings including bonuses were up 3% from the year before. However this was less than expected. With bonuses excluded, growth in average weekly earnings slowed to 2.8%.
Although wage growth remains weaker than before the financial crisis, it has managed to pace faster than the Bank of England predicted earlier in the year.