British unemployment hits ten-yr low

AFP, LONDON: Britain’s unemployment rate stands at its lowest level in more than a decade, but the jobless total has risen for the first time in almost a year, data showed yesterday.
Unemployment stood at 5.1 per cent in the three months to February, unchanged from the three months to January, the Office for National Statistics (ONS) said in a statement.
That was the lowest rate—or proportion of the workforce that are unemployed—since 2005. The ONS added that the unemployment total climbed by 21,000 to 1.7 million people in the three months to February compared with the previous three months. That was the first increase since last summer.
Ben Brettell, senior economist at Hargreaves Lansdown stockbrokers said “the UK labour market remains in reasonable health”, adding that “the increase in unemployment wasn’t even enough to change the rate”.

British unemployment hits ten-yr low

AFP, LONDON: Britains unemployment rate stands at its lowest level in more than a decade, but the jobless total has risen for the first time in almost a year, data showed yesterday. Unemployment stood at 5.1 per cent in the three months to February, unchanged from the three months to January, the Office for National Statistics (ONS) said in a statement. That was the lowest rateor proportion of the workforce that are unemployedsince 2005. The ONS added that the unemployment total climbed by 21,000 to 1.7 million people in the three months to February compared with the previous three months. That was the first increase since last summer. Ben Brettell, senior economist at Hargreaves Lansdown stockbrokers said the UK labour market remains in reasonable health, adding that the increase in unemployment wasnt even enough to change the rate.