U.K. job additions slow in quarter through August

Economy 10/19/2016, 10:34 AM
U.K. job additions slow in quarter through August

The unemployment rate in the United Kingdom was flat at 4.9% in the three months ending with August and the number of people claiming related benefits was little changed in September, according to a jobs report released on Wednesday by the Office for National Statistics. The number of persons in employment rose to 31.81 million. The quarter-on-quarter increase was 106,000, after a rise of 174,000 in the three months through July. The current figure is still up by 560,000 than for one year before, while the employment rate, at 74.5%, is at its record high.

The jobless rate compares to 5.4% for the period from June to August of last year. Average earnings for employees, unadjusted for inflation, advanced 2.3% on an annual scale both including and excluding bonuses, after a rise of 2.4% and 2.2%, respectively, in the quarter through July. The claimant count in September rose by just 700 to 776,400. The number of people claiming benefits was 15,700 lower on the year and the claimant count rate was unchanged at 2.3%.

TeleTrader Newsroom / IT