UK Unemployment Rate Unchanged, Earnings Growth Slows Sharply
The unemployment rate was 3.9 percent in the three months to April, which was unchanged from the previous quarter. A year ago, the unemployment rate was 3.8 percent.
The jobless rate remained unchanged defying economists' expectations for a jump to 4.7 percent.
The employment grew by 6,000 persons, in contrast to expectations for a massive 83,000 fall.
The annual growth in average earnings including bonus slowed sharply to 1 percent from 2.3 percent in the January to March quarter. That was worse than the 1.4 percent economists had forecast.
Annual growth in average earnings excluding bonus eased to 1.7 percent from 2.7 percent. Economists had expected a slightly better figure of 1.9 percent.
Reprinted from RTTNews，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.