Unemployment in the UK fell by an impressive 14,000 in the three months to December, according to figures from the Office of National Statistics (ONS).
According to the organisation’s figures, the rate of unemployment stands at 2.5 million after the rate dropped to 7.8 per cent, down from 7.9 per cent in the previous quarter.
The ONS states there were 29.73 million people in the UK in employment, of which 73 per cent were working full-time and 27 per cent were working part-time.
In addition, the number of people claiming Jobseeker’s Allowance in January also fell, dropping 12,500 to 1.54 million.
Consequently, it appears that recruiters are winning the battle against unemployment with jobs in London, Manchester, Birmingham and other major cities being filled, according to the statistics.
Overall, freshbusinessthinking.com reports the figures show show much the UK economy has been transformed since the financial crisis and its subsequent recession in 2008.
Iain Duncan Smith, Work and Pensions Secretary, commented on the figures to bbc.co.uk: “Economically inactive people who are not available for work, that’s now at the lowest level since the early Nineties.
“No-one is saying this is easy, but if you were in France or Spain or Greece…you would look at these figures and say I wish we were in that position,” he added.