Thursday, September 19, 2024

UK sheds 59,000 jobs as unemployment rate softens in August

Must read

According to data from the Office of National Statistics today (10 September),  however, the overall number has increased from a year prior by 122,000 (0.4%) to 30.3 million.
Annual growth in employees’ wages (excluding bonuses) in UK was 5.1% between May and July, while annual growth including bonuses stood at 4%.
Meanwhile, the employment rate for people aged 16 to 64 was 74.8% between May and July, while the unemployment rate stood at 4.1% in the same period, marking a slight decrease from the three-month average of 4.2% recorded between April and June.
The ONS warned that chang…

Latest article