Jobs: Claimant Count Tumbles To Four Year Low

The number of people claiming unemployment benefit dropped by almost double the forecast figure last month to a four year low.

The Office for National Statistics (ONS) said Jobseekers' Allowance claims tumbled - for the ninth consecutive month - by 29,200 in July as the labour market strengthened

There was also a favourable revision to June's number which was revised to 29,400 - the largest monthly drop since May 2010.

While the total number of people unemployed fell by a disappointing 4,000 between April and June to 2.51 miillion, there was better news for household incomes as average weekly earnings growth accelerated to 2.1% in the period, compared with a year earlier.

The ONS said it represented the fastest growth since late 2011 though it still lagged way behind inflation - standing at 2.8% in July according to figures released on Tuesday.

The unemployment rate held steady at 7.8% in June.

That statistic is now closely watched after the Bank of England's new governor Mark Carney confirmed the monetary policy committee (MPC) did not envisage raising the base rate of interest until the rate dropped to 7%.

It emerged today, in minutes from the bank's last MPC meeting that one member, Martin Weale, voted against the new policy of giving forward guidance on the possible movement of the rate.

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