UK unemployment rate slumps to 11-year low, wage growth improves
June 15, 2016 9:53 am
In the advent of June 23 referendum, which will decide on the country’s relations with the European Union, unemployment rate in the United Kingdom touched its 11-year trough while wage growth improved.
The Office for National Statistics reported the jobless rate dropped to 5%, its lowest since 2005. The number of employed people climbed to 31.6 million, up 55,000. Basic salary surged to 2.3%, previously 2.2%.
Unemployment benefits slid 400 in May, while rate remained at 2.2%. Jobless claims surged 6,400, revised from 2,400 decline previously reported.
Figures emerged as the Bank of England is slated to decide on interest rate Thursday.
The material has been provided by InstaForex Company – www.instaforex.com
In the advent of June 23 referendum, which will decide on the country’s relations with the European Union, unemployment rate in the United Kingdom touched its 11-year trough while wage growth improved.
The Office for National Statistics reported the jobless rate dropped to 5%, its lowest since 2005. The number of employed people climbed to 31.6 million, up 55,000. Basic salary surged to 2.3%, previously 2.2%.
Unemployment benefits slid 400 in May, while rate remained at 2.2%. Jobless claims surged 6,400, revised from 2,400 decline previously reported.
Figures emerged as the Bank of England is slated to decide on interest rate Thursday.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: