- Friday, April 19, 2024
By: Eastern Eye Staff
Britain’s labor market outperformed tepid growth in the rest of the economy in the second quarter as the unemployment rate unexpectedly fell to its lowest since 1975, official data showed on Wednesday. Sterling jumped nearly half a cent against the U.S. dollar and British government bond prices slid after the jobless rate edged down to 4.4 percent in the three months to June, against expectations for it to hold at 4.5 percent in a Reuters poll of economists. Figures on wage growth also came in better than expected but they were flattered by bonus payments in the financial sector. The…
You do not have access to this content. You need to subscribe.
