Tuesday, October 21, 2014   

UK jobless rate unchanged, public sector wages weak
(03-19 18:54)

Unemployment in Britain is falling and the number of people in work has climbed to a record high, official data show.
The Office for National Statistics also said that the unemployment rate held steady at 7.2 percent in the quarter to January, from the three months to December.
The number of unemployed fell by 63,000 people to 2.33 million in the three months to January, compared with the three months to October, the ONS announced.
Employment jumped to 30.19 million in the same period, which was the highest level since records began in 1971, it added.
But wages in the private sector increased by 1.7 percent in the three months to January, compared with public sector pay that increased a mere 0.5 percent, ONS.
The number of people claiming jobseeker allowance fell in February to 1.17 million people in the 16th consecutive monthly reduction.
The jobless rate is no longer linked to the Bank of England's pledge to keep interest rates at record lows, after governor Mark Carney unveiled new forward guidance. –AFP/The Standard


   
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