By IB Times Staff Reporter: Subscribe to IB's RSS feed
September 15, 2010 9:58 AM EDT
Unemployment in UK edged lower by 0.1 percent quarter-on quarter to 7.8 per cent, as the number of unemployed people fell by 8,000 to 2.47 million.
According to data released by the Office for National Statistics on Wednesday, the number of people aged 16 and above finding employment increased by 286,000 to 29.16 million in the quarter.
However, showing signs of faltering economic recovery, jobless claims increased by 2,300 to 1.47 million in August, the first monthly increase since January 2010.
The data showed employment rate increased to 70.7 percent from May to July 2010, up by 0.4 percent.
The quarterly increase in total employment was mainly driven by part-time workers, which increased by 166,000 on the quarter to reach 7.93 million, the highest figure since comparable records began in 1992, the report points out.
Follow us
While employment increased by 221,000 to 15.61 million among men, employment for women increased by 65,000 to 13.55 million.
Decline in the number of students in the labor market by 107,000 kept the inactivity rate at 23.2 per cent, down 0.4 for the quarter, the report said.
With education sector recording largest quarterly fall of 11,000 vacancies drop, the total number of vacancies went down by 14,000 to 467,000 during May to July.
Are Record-Low Mortgage Rates Hurting The US Housing Market?
Airbus Smells Good Business In Wider Plane Seats For Bigger Americans
French, Germany Consumer Confidence Holding Up -- A Dangerous Sign of Euro Zone Crisis Fatigue?
US Stocks - Time To 'Sell In May And Go Away'?
Investors Love Rio: Why Foreign Companies Are Buying Into Brazil's Real EconomyWe value your privacy. Your email address will not be shared.
