UK unemployment dips unexpectedly


Strengthening economy: A worker laces a sneaker at a store in London. Starmer’s government is eager to get more people back to work after more than 800,000 dropped out of the labour market during the pandemic. — Reuters

LONDON: UK unemployment fell unexpectedly after companies hired at the strongest pace since November, a sign of underlying strength in the economy that complicates the Bank of England’s (BoE) shift toward lower interest rates.

The jobless rate fell 0.2 percentage points to 4.2% in the three months to June, according to the Office for National Statistics (ONS).

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Ringgit ends marginally lower as greenback gets lift from positive US economic data
Exsim’s unit gets RM2.36mil job in an RPT deal
TH Plantations-Cenergi power plant boosts waste-to-energy solutions
MN Holdings wins RM122.7mil contracts for data centre power works
M&G enters JV to expand vessel maintenance and repair services
Binastra wins RM1.18bil building, infrastructure contracts in Johor
FBM KLCI retreats on profit-taking despite stronger GDP data
Indonesia’s B50 delay opens short-term export window for Malaysian palm oil
Taiwan aims to be strategic AI partner in US tariff deal
Oil prices inch up as market evaluates supply risks

Others Also Read