UK unemployment dips to 3.8%: official - Capital Business
Connect with us

Hi, what are you looking for?

A group of young people walk past a 'We're hiring!' sign posted at a store in New York City on August 20, 2021/COURTESY

World

UK unemployment dips to 3.8%: official

LONDON, United Kingdom, June 13 – UK unemployment eased in the three months to the end of April but wage rises continue to lag inflation, official data showed Tuesday.

The unemployment rate decreased to 3.8 percent from 3.9 percent in the three months to the end of March, the Office for National Statistics said in a statement.

“While there has been another drop in the number of people neither working nor looking for work… those outside the jobs market due to long-term sickness continues to rise, to a new record,” noted Darren Morgan, director of economic statistics at the ONS.

“In cash terms, basic pay is now growing at its fastest since current records began, apart from the period when the figures were distorted by the pandemic.

“However, even so, wage rises continue to lag behind inflation,” he added.

Morgan said the number of people in work had past its pre-pandemic level for the first time, setting a new high.

“The biggest driver in recent jobs growth… is health and social care, followed by hospitality,” he said.

Visited 4 times, 1 visit(s) today

More on Capital Business

Kenya

Augustus Kyalo Muli, who identifies as the National Patron of the Anzauni Clan, called for an initial legal assessment of the claims, arguing that...

Technology

She said she wants "the pattern to end", adding that the government was investing £2.5bn in quantum computing and artificial intelligence.

Technology

JD.com announced its new Joybuy platform will run from distribution sites in Milton Keynes and Luton.

World

Sainsbury's said it had begun using "boxes on products which are regularly targeted", with £2.60 bars of Cadbury Dairy Milk locked up in one...

World

It comes after US President Donald Trump announced a 15% tariff on all countries from Tuesday.

World

The UK had negotiated a 10% tariff deal with the US and would be one of the hardest hit, while countries such as China...

World

The Office for National Statistics said the unemployment rate increased by 0.2 percentage points from the previous quarter. The number of unemployed people reached...

Banks

FEB 6 – The Bank of England has held interest rates at 3.75% after a knife-edge vote which split the decision-making committee five to...