Jobs Growth Continues

Thursday 16 June, 2016 Written by  Reuters
CV Library

Britain's unemployment rate dipped to its lowest level in over a decade and pay growth rose, showing the labour market was holding up despite a broader slowdown ahead of next week's vote on Britain's future in Europe.

The number of unemployed fell 20,000 in the three months to April to 1.671 million, taking the unemployment rate to 5.0 percent, its lowest since the three months to October 2005, the Office for National Statistics said.

The number of people in work rose by 55,000, keeping the employment rate at a record high of 74.2 percent.

The labour market has largely withstood the broader slowdown and the uncertainty over BREXIT.

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