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Number of people in work in the UK at all-time high

The UK jobless total stands at 1.86 million, the lowest since the summer of 2008
The UK jobless total stands at 1.86 million, the lowest since the summer of 2008

UK unemployment has dipped to a near seven-year low after a fall of more than 100,000, while a record number of people are in work, new figures have shown. 

The UK jobless total is 1.86 million, the lowest since the summer of 2008 and almost half a million down on a year ago. 

The jobless rate in Britain is now 5.7%, compared to a European Union average of 9.8%. 

The number of people claiming jobseeker's allowance fell by 31,000 to 791,200 in February - the 28th consecutive monthly  reduction. 

The Office for National Statistics also said today that employment increased by 143,000 in the latest quarter to January to almost 30.1 million, the highest since records began in 1971. 

The employment rate of 73.3% has never been higher. 

The number of people classed as economically inactive, including those on long-term sick leave, looking after a relative or who have given up looking for work, fell by 30,000 to just over nine million, or 22.2% of 16 to 64-year-olds. 

The figure is 14,000 higher than a year ago. 

Self-employment increased by 33,000 to 4.5 million, close to a record high and accounting for more than a quarter of all employment. 

Other figures showed that public sector employment has fallen by 6,000 to just under 5.4 million, the lowest since current records began in 1999. 

The biggest losses have been in local government, while employment in the NHS increased by 18,000 over the past year. 

Average earnings increased by 1.8% in the year to January, down by 0.3% on the previous month. The latest UK inflation figures will be published next week.