The UK unemployment rate has fallen to 5%, the lowest since October 2005, according to official figures. The latest UK jobs numbers show employment up by 55,000 and unemployment down by 20,000. Wage growth has risen slightly - with average earnings, including bonuses, up by 2.0%, a consistent rate of growth with the previous period. “Unemployment is at historically low levels, but this does not seem to be translating into broader business confidence. Clearly there are other factors at play which, although not hitting jobs now, are causing business owners to take a cautious approach," said Mike Cherry. The latest Federation of Small Businesses (FSB) Small Business Index revealed small business confidence is at its lowest level since 2013. This suggests that while the labour market continues to be a sign of strength, the overall economic outlook is far from certain. Mike Cherry continued: “Small businesses are already dealing with considerable new cost challenges, including the National Living Wage and pensions auto-enrolment deadlines. Whatever the result of the coming EU referendum – small business will need reassurances that the outcome will not increase the cost of doing business.” See how FSB have campaigned on this issue FSB Employment Protection from FSB A wealth of important information and advice, available online in-case you face dismissal or discrimination claims and employment tribunals. Find out more You may also like 17 August 2017 Glasgow fruit market fire – Help for members 16 August 2017 Top three tips for understanding jobs figures 14 August 2017 Testing times for the future of work 07 July 2017 Weekly Brief 28 – Friday 7 July 2017 02 June 2017 Weekly Brief 22 – Friday 02 June 2017 31 March 2017 Don't leave tourism to the few; it's everyone's business!