According to the figures, overall employment increased by 167,000 to 29.19m. Since the unemployment rate hasn't fallen by anything like that much, this suggest that the jobless count is, in part, being replenished by those people who have decided to start job-hunting (again). Not good news for a Government keen to push down its welfare bill - though today's figures showed that the number of people claiming on benefits also fell a touch, by 3,700 to 1.47m - almost offsetting last month's 5,300 rise.
But generally, the picture still looks pretty gloomy. The number of job vacancies apparently fell by 27,000 in the three months to October. And the figures showed that a large chunk of those new jobs created were part-time rather than full-time. Apparently, part-time workers now make up 27.3% of those employed, which is up by more than 3% since 2008 (when it stood at 25.4%). That suggests businesses are still cautious about forking out for new roles.
Salary levels have at least improved slightly; according to the report, the average pay was up by 2% on a year ago – which is, at least, slightly above the 1.7% of the previous quarter. Good news for workers – though given that inflation is running above the 3.2% mark, 2% is still effectively a pay cut.
And more significantly, these figures clearly don't (yet) reflect the effects of the spending cuts, which are predicted to cost the UK economy about 500,000 jobs. So this latest dip is likely to be short lived.