Posted on 11/16/2016 7:54:10 PM PST by Olog-hai
Britain’s unemployment rate unexpectedly fell to its lowest level in 11 years in the first three months after the Brexit vote, official data showed on Wednesday, but there were signs that a slowdown in the labor market could be coming.
The jobless rate edged down to 4.8 percent in the July-September period, compared with a median forecast of 4.9 percent in a Reuters poll of economists.
But the increase of 49,000 in the number of people in work was the slowest since the three months to March, and the number of people claiming unemployment benefits gathered speed in October, the Office for National Statistics said.
Britain’s economy weathered the initial shock of the Brexit vote better than the Bank of England and almost all private-sector economists expected. …
(Excerpt) Read more at uk.reuters.com ...
I wonder if their jobless rate is as fictional as ours?
Guess the headline writers are warming up for the upcoming Trump administration.
Anyone think if this was about a non-Brexit Britain or Obama’s America they would have attached the qualifying phrase on the end?
Given that they have zero-hour labor on top of extensive contract labor, I’d say yes.
Depending on how the jobless are counted, one could potentially have 0 hours scheduled but still count as employed.
Its fictional, my cousin is looking for HR job for last 4 months, no luck, this is first time she is unemployed for that long. For last 5 yrs she was working for HP. Latest round of layoff cost her job.
Unexpectedly?
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