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UK jobless dips in March as record number of people at work

UK unemployment dipped by just 2,000 in the quarter to March to 1.69 million
UK unemployment dipped by just 2,000 in the quarter to March to 1.69 million

New figures show that UK unemployment has fallen and a record number of people are in work, but there is evidence that the jobs market could be cooling off. 

UK unemployment dipped by just 2,000 in the quarter to March to 1.69 million, a fall of 139,000 over the past year. 

The UK claimant count was down by 2,400 last month to 737,800, although revised data showed the figure rose by 14,700 between February and March, the highest total since autumn 2011. 

British job vacancies were down by 18,000 to 745,000, the first fall for almost a year. 

The number of people in work reached a new record of 31.5 million, or 74% of the UK working age population.

"The employment rate has hit another record high, but this time the increase is quite modest. With unemployment very little changed, that is further evidence the jobs market could be cooling off," the ONS said. 

Average earnings in Britain increased by 2% in the year to March, up by 0.1% on the previous month.

Economic inactivity among women reached a record low of 5.5 million, from a total of 8.9 million, down by 116,000 on a year ago. 

The figure includes people on long-term sick leave, looking after a relative, on early retirement, or who have given up looking for work. 

The number of self-employed workers has increased by 182,000 to just under 4.7 million, a new record, while people on government-supported training and employment programmes has fallen by 7,000 to 98,000.