Rate, Uk, Britain

Rate, Uk

UK jobless rate unexpectedly drops to 5.0per cent

UK jobless rate unexpectedly drops to 5.0per cent

23/3/2021 10:45:00 AM

UK jobless rate unexpectedly drops to 5.0per cent

Britain 's jobless rate unexpectedly fell to 5.0per cent in the three months to January, when the country entered a new COVID lockdown, official ...

BusinessBritain's jobless rate unexpectedly fell to 5.0per cent in the three months to January, when the country entered a new COVID lockdown, official figures showed on Tuesday, below forecasts of a rise to 5.2per cent in a Reuters poll.FILE PHOTO: Commuters walk across the London Bridge during the morning rush hour, amid an outbreak of the coronavirus disease (COVID-19), in London, Britain September 17, 2020. REUTERS/Hannah McKay

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23 Mar 2021 03:20PMShare this contentBookmarkLONDON: Britain's jobless rate unexpectedly fell to 5.0per cent in the three months to January, when the country entered a new COVID lockdown, official figures showed on Tuesday, below forecasts of a rise to 5.2per cent in a Reuters poll.

Separate official data based on tax records showed an increase of 68,000 in the number of employees on business payrolls in February from January, though the total is 693,000 lower than a year earlier before the start of the pandemic.AdvertisementAdvertisement headtopics.com

Average wage growth rose to 4.8per cent, its highest since March 2008, though this reflects how job losses have been greatest in low-paid sectors such as retail and hospitality, rather than higher pay for people who are still in work.(Reporting by David Milliken, editing by Estelle Shirbon)

Read more: CNA »

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