Financial News: UK Jobless Rate Falls Unexpectedly

UK Jobless Rate Falls Unexpectedly

08/13/2024 - 02:46:00 (RTTNews)

(RTTNews) - The UK unemployment rate dropped unexpectedly in the second quarter, data from the Office for National Statistics revealed on Tuesday.

The unemployment rate fell to 4.2 percent in the three months to June period, while the rate was expected to rise marginally to 4.5 percent from 4.4 percent in the preceding period.

Excluding bonus, average earnings climbed 5.4 percent from the previous year, slower than the 5.8 percent rise in the prior period. The growth rate was forecast to slow to 4.6 percent.

At the same time, average earnings including bonuses grew 4.5 percent, data showed.

In July, payrolled employees increased 24,000 to 30.4 million. This follows an increase of 14,000 in June.

Vacancies decreased for the 25th consecutive period in the three months to July. The number of vacancies was down 26,000 on quarter to 884,000.

Further, data showed that about 100,000 working days were lost because of labor disputes in June. The majority of strikes were in the health and social work sector.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Brazil Inflation Eases To 4.24% (09 min(s), 47 sec(s) ago)
(RTTNews) - Brazil's consumer price inflation eased for the first time in four months in Augus ...Full Story»

Hungary Inflation Eases To 3.4%, Lowest In 42 Months (01 hr(s), 15 min(s), 47 sec(s) ago)
(RTTNews) - Hungary's consumer price inflation slowed in August to the lowest level in three-a ...Full Story»

Austria Production Index Declines At Slower Pace (01 hr(s), 43 min(s), 47 sec(s) ago)
(RTTNews) - Austria's production index posted a slower decline in July, figures from Statistic ...Full Story»

Czech Inflation Steady At 2.2% (02 hr(s), 30 min(s), 47 sec(s) ago)
(RTTNews) - The Czech Republic's consumer price inflation held steady in August after rising i ...Full Story»

Norway Inflation Eases Unexpectedly, Producer Prices Rise Further (03 hr(s), 27 min(s), 47 sec(s) ago)
(RTTNews) - Norway's consumer price inflation eased somewhat in August, while producer prices ...Full Story»

Spain Industrial Output Falls For First Time In 4 Months (04 hr(s), 0 min(s),47 sec(s) ago)
(RTTNews) - Spain's industrial production declined for the first time in four months in July d ...Full Story»

German Inflation Slows As Estimated (04 hr(s), 37 min(s), 47 sec(s) ago)
(RTTNews) - Germany's consumer price inflation weakened, as initially estimated, in August due ...Full Story»

Italy Industrial Production Falls 0.9%, Exceeds Forecast (05 hr(s), 02 min(s), 47 sec(s) ago)
(RTTNews) - Italy's industrial production declined more-than-expected in July after rising in ...Full Story»