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Labour market overview, UK: March 2019
The UK employment rate was estimated at 76.1%, higher than for a year earlier (75.3%) and the highest figure on record. The UK unemployment rate was estimated at 3.9%; it has not been lower since November 1974 to January 1975. The UK economic inactivity rate was estimated at 20.7%, lower than for a year earlier (21.2%) and the lowest figure on record. Excluding bonuses, average weekly earnings for employees in Great Britain were estimated to have increased by 3.4%, before adjusting for inflation, and by 1.4%, after adjusting for inflation, compared with a year earlier. Including bonuses, average weekly earnings for ... (full story)
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U.K. Labor Market Defies Economic Slowdown as Employment Surges
The U.K. labor market remained in robust health in the three months through January, despite a Brexit-induced slowdown in the overall economy. Employment hit a record high and underlying pay growth maintained its fastest pace in more than a decade as companies struggled to fill vacancies, Office for National Statistics figures published Tuesday show. The jobs market has been the bright spot of the economy since the 2016 Brexit referendum, defying the uncertainty weighing on growth over Britain’s departure from the European Union. The number of people in work between November and January rose by 222,000, the biggest ... (full story)
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