UK Jobless Rate Dips To 44-year Low
Faizan Hashmi Published January 22, 2019 | 06:06 PM
London, (APP - UrduPoint / Pakistan Point News - 22nd Jan, 2019 ) :Britain's unemployment rate has fallen to the lowest level in 44 years, official data showed Tuesday, as the labour market shrugged off Brexit uncertainty.
The jobless rate -- the proportion of the workforce that is unemployed -- stood at 4.0 percent in the three months to November, the lowest level since 1975, the Office for National Statistics said.
That marked a decline from 4.1 percent in the three months to October, the ONS added in a statement, while expectations had been for no change.
Wages meanwhile grew at the fastest pace for a decade, in upbeat data published two months before Britain exits the European Union.
Average earnings including bonuses grew by 3.4 percent in the three months to November from a year earlier, outstripping British inflation.
"The labour market is currently robust, holding up extremely well in the face of recent slower UK economic activity and heightened Brexit uncertainties," said EY economist Howard Archer.
Britain is due to leave the EU on March 29, but markets remain fearful of the potential economic impact of a disorderly "no-deal" Brexit.
Related Topics
Recent Stories
Senate continues discussion on Presidential address to Joint Sitting of Parliame ..
Masood Khan calls for Pak-US cooperation for regional peace
Interior Minister starts Margalla Trail Patrol for security
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 April 2024
Today Gold Rate in Pakistan 26 April 2024
ICC Womens T20 World Cup Qualifier, Match 2: Ireland Women open with Comfortable ..
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
Nasreen Noori’s book ‘Popatan Jahra Khwab’ launched
More Stories From World
-
Pro-Palestinian US campus protests grow as police crack down
16 minutes ago -
Miner Anglo American rejects BHP's $38.8 bn takeover bid
26 minutes ago -
Guatemala prosecutors raid international NGO over alleged child abuse
36 minutes ago -
Another State Dept official resigns over US' Gaza policy amid growing student protests
36 minutes ago -
Togo leader Gnassingbe follows father's political playbook
46 minutes ago -
China ready to work with Pakistan to promote practical cooperation under CPEC, GDI: Luo Zhaohui
56 minutes ago
-
Indian election resumes as heatwave hits voters
56 minutes ago -
United by grief, families of Boeing crash victims demand justice
1 hour ago -
Microsoft expands its AI empire abroad
2 hours ago -
China ready to work with Pakistan to promote practical cooperation under CPEC, GDI: Luo Zhaohui
2 hours ago -
Nuggets push Lakers to brink as Embiid's 50 points lead Sixers over Knicks
2 hours ago -
Man City in title groove as Arsenal face Spurs test
2 hours ago