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UK News: a record low unemployment rate

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UK News: a record low unemployment rate
August 17
09:00 2017

Today, the report of the Office for National Statistics of Great Britain has been published. It showed that in the last quarter the number of people registered as unemployed had decreased to 1.48 million. This value has been the lowest for the last 42 years.

In comparison with the previous quarter, the number of the unemployed has decreased by 57 thousand people. If we compare these figures with the same period last year, the number of the jobless has decreased by 157 thousand people. Statistics on the ratio of the economically active and inactive population of the island state is also interesting. Last year, there were 90,000 more people considered to be inactive than now. The indicator of the current year is fixed at the level of 8.77 million people.

Despite the impressive unemployment rate in the country, there is a slight drop in the wage level. The decrease is 0.5%. It is primarily due to a rather high level of inflation – 2.6% in six months, while the increase in salary is only 2.1%.

The positive news of the United Kingdom will undoubtedly cause the strengthening of the national currency.

The material was prepared with the participation of Andrey Majorov,
a leading analyst of the brokerage company CT Trade

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