Britain's unemployment rate fell to its lowest since the mid-1970s in early...
LONDON - Britain’s unemployment rate fell to its lowest since the mid-1970s in early 2019 as employers hired in the run-up to the original date for Britain’s EU departure, but there were signs that Brexit was beginning to weigh on the jobs boom.
But employment growth slowed to 99,000, well below a median forecast of 135,000 in a Reuters poll of economists, and wage growth lost momentum too. Britain’s labour market has remained resilient as Brexit has neared, helping households whose spending has driven an otherwise fragile economy. The ONS said that in January-March, total earnings including bonuses rose by an annual 3.2%, slowing from 3.5% in the three months to February and weaker than a Reuters poll forecast of 3.4%.The BoE this month said it expected wage growth of 3% at the end of this year.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wealthy UK investors are mostly positive on post-Brexit Britain, study findsA majority of wealthy U.K.-based investors see an economic upside for the U.K. despite uncertainty surrounding its withdrawal from the EU, according to a new quarterly survey by UBS.
Read more »
UK jobless rate falls again as pre-Brexit hiring surge continuesBritain's unemployment rate fell to its lowest level since the mid-1970s as...
Read more »
Britain concerned by U.S.-China trade tensions: UK PM's spokeswomanBritain is concerned by the escalating tariff tensions between the United States...
Read more »
How is Brexit affecting FDI into Britain?The Brexit vote has caused a 12% rise in investment by British firms in the rest of the EU, according to the LSE. That capital could have been used at home
Read more »
Post-Brexit customs union would make Britain 3 percent poorer: NIESRBritain's economy will be around 3 percent poorer over the long term if it ...
Read more »
Pompeo visits Brexit Britain as Iran warns over nuclear dealU.S. Secretary of State Mike Pompeo visited Britain on Wednesday to pitch a post...
Read more »
Banks lose appetite for new Brexit fightWhile Britain debates the merits of a second Brexit referendum, London's fi...
Read more »
Banks lose appetite for new Brexit fightWhile Britain debates the merits of a second Brexit referendum, London's fi...
Read more »
Brexit Preparation Helped Speed Up U.K. EconomyU.K. factory orders boomed in the first quarter as customers raced to stock up on British-made products before a 'no-deal' Brexit that never came
Read more »
Even this popular ‘soft’ Brexit scenario still slows the U.K. economy, think tank saysA scenario where the U.K. leaves the European Union but keeps some key economic ties with the 28 member state, colloquially known as a soft Brexit, would still leave the U.K. with a sizable fiscal shortfall, according to one think tank.
Read more »
In Brexit quagmire, UK parliament session hits longest in over 350 yearsDeadlocked over navigating Britain's exit from the European Union, the coun...
Read more »