Published 2 years ago

UK unemployment hits 48-year low but inflation squeezes pay

Summary by Ground News

Britain's unemployment rate fell to its lowest since 1974 in the first three months of this year. But soaring inflation led to the biggest annual fall in real earnings excluding bonuses since 2013. The jobless rate dropped to 3.7% from 3.8% - below forecasts in a Reuters poll for the unemployment rate to hold steady.

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Times of India

UK unemployment hits 48-year low but inflation squeezes pay

The jobless rate dropped to 3.7% from 3.8% - below forecasts in a Reuters poll for the unemployment rate to hold steady - and the 1.257 million people out of work was less than the 1.295 million job vacancies on offer for the first time on record.

2 years ago·India

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BBC News

Job vacancies outpace unemployment for first time

The unemployment rate falls to its lowest level for nearly 50 years between January and March.

2 years ago·United Kingdom

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The Guardian

UK pay hit by inflation but unemployment falls to 48-year low

Most workers face fifth month of falling living standards despite soaring City bonuses

2 years ago·London, United Kingdom

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Reuters

UK unemployment hits 48-year low, pushing up pay

Britain's jobless rate hit a 48-year low in the first three months of 2022 and employers paid bigger bonuses to keep or attract staff, according to data that added to bets by investors on further Bank of England interest rate hikes.

2 years ago·United Kingdom

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The Telegraph

EU will rely on Russian oil for a ‘long time’, claims Putin

Vladimir Putin has claimed that some EU countries will be unable to wean themselves off Russian oil "for a long time".

2 years ago·London, United Kingdom

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RTÉ

UK unemployment hits 48-year low but inflation hits pay

The UK unemployment rate fell to its lowest since 1974 at 3.7% in the first three months of this year, official figures showed today, below economists' forecasts for it to hold steady at 3.8%.

2 years ago·Ireland

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