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UK jobless rate declines YoY in Q2

UK jobless rate declines YoY in Q2

Mubasher: The UK labour market continued to create jobs, as the number of working people rose in the second quarter of 2019, the Labour Force Survey showed.

The number of employed people across the UK rose by 115,000 to a total of 32.811 million people in the period between April and June, from the prior period.

Compared with the previous year, the number climbed by 425,000, the Office for National Statistics (ONS) stated on Tuesday.

Overall UK unemployment rate was estimated at 3.9% in the three-month period ended last June, compared with 4% a year ago.

The average weekly earnings, excluding and including bonuses, grew to 3.7% and 3.7% in nominal terms, respectively not adjusted for price inflation, from the same period last year.

In real terms, the average weekly earnings went up by 1.8% from a year ago, less bonuses and 1.9%, including bonuses.

By 8:57 am GMT, the GBP/USD pair inched down by 0.06% to $1.2069, while the EUR/GBP pair went down by 0.13% to GBP 0.9274.