Wednesday, 12 July 2017

UK unemployment drops to 1.49m

UK unemployment fell by 64,000 to 1.49 million in the three months to May, official figures show.

It meant the unemployment rate fell by 0.2% to its lowest since 1975, at 4.5%, the Office for National Statistics (ONS) added.

But wage increases continued to fall further behind inflation.

Excluding bonuses, earnings rose by 2.0% year-on-year. However, inflation had hit an almost four-year high of 2.9% in May.

When the impact of inflation is factored in, real weekly wages fell by 0.5% compared with a year earlier.

BBC    News.

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