Britain’s unemployment rate has fallen to its lowest in 42 years — but wage growth is stuttering
|05/17/2017||Posted by BusinessMediaguide.Com under General World News||
LONDON — Unemployment in the UK fell once again in April, but wage growth is falling as Brexit squeezes consumers, according to the latest data released by the Office for National Statistics on Wednesday.
Headline unemployment was 4.6% in the month, dropping from the 4.7% seen for past months, and below the forecasts of economists. There were 53,000 fewer people unemployed, the ONS said.
“There were 1.54 million unemployed people (people not in work but seeking and available to work), 53,000 fewer than for October to December 2016 and 152,000 fewer than for a year earlier,” the statistical office said.
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