Sunday, April 19, 2015   

UK jobless rate down to 5-year low
(05-14 17:06)

The British unemployment rate has fallen to a five-year low point of 6.8 percent, official data showed on Wednesday, as the economic recovery gathers strength.
The rate for the January-March period compares with 6.9 percent for the three months to the end of February, the Office for National Statistics (ONS) said in a statement, AFP reports.
The ONS added that the number of unemployed fell by 133,000 people to 2.21 million between January and March
Employment surged to 30.43 million -- which was the highest level since records began in 1971.
Meanwhile, the number of people claiming jobseeker's allowance fell in April to 1.12 million people.
"The latest UK labor market figures show that the economic recovery is still creating jobs at an extremely rapid pace,'' said Capital Economics analyst Samuel Tombs.
"Employment rose by 283,000 over the three months to March. This was enough to reduce the unemployment rate to 6.8 percent.''
British unemployment remains far lower than in other parts of the EU, where many rates are at record levels.
Wednesday's data was published ahead of the Bank of England's latest quarterly economic forecasts.   
Other Business breaking news:
Higher US gas prices spark modest inflation in March (04-17 21:16)
Greece, creditors to hold more debt talks (04-17 21:09)
Volkswagen ends management power struggle (04-17 21:03)
GE reports US$13.6b loss due to finance unit disposal charges (04-17 20:04)
Benetton pays US$1.1m into fund for Bangladesh factory disaster victims (04-17 20:02)
Bloomberg says terminals hit by global breakdown (04-17 17:03)
Ex-IMF chief Rato assisting tax inquiry (04-17 17:00)
Hang Seng dips, Shanghai soars (04-17 16:17)
Automakers bring new models to Shanghai show (04-17 14:36)
Philippine Airlines parent returns to profit (04-17 14:22)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.