World UK unemployment hits new 42-year low

14:06  13 september  2017
14:06  13 september  2017 Source:   AFP

Report: Jose Mourinho Hits Out at Pereira's Decision to Leave Old Trafford

  Report: Jose Mourinho Hits Out at Pereira's Decision to Leave Old Trafford Manchester United manager Jose Mourinho has expressed his disappointment over the decision that Andreas Pereira took this summer to join Valencia on loan. Pereira spent the whole of last season on loan with Granada and has yet to start a Premier League game for Manchester United. However, according to the Mirror, Mourinho has thrown criticism towards the midfielder; claiming that his decision was immature and he should have stayed to fight for his place at the club.

Unemployment in the UK fell by 57,000 in the three months to June, official figures show, bringing the jobless rate down to 4.4% - its lowest since 1975. The squeeze on real incomes continues to grow, though at a slower pace. Average weekly earnings increased by 2.1% compared with a year earlier

UK Jobless Rate Hits 42 - Year Low UK unemployment rate fell to 4.6 percent in the three months to March 2017 from 4.7 percent in the previous period and below market expectations of 4.7 percent.

Britain's unemployment rate fell to 4.3 percent in the quarter through to the end of July, reaching the lowest level since 1975© Provided by AFP Britain's unemployment rate fell to 4.3 percent in the quarter through to the end of July, reaching the lowest level since 1975

Britain's unemployment rate has fallen to a new 42-year low, official data showed on Wednesday, but wages growth remains far below overall inflation.

The unemployment rate fell to 4.3 percent in the quarter through to the end of July, reaching the lowest level since 1975, the Office for National Statistics (ONS) said in a statement.

It had stood at 4.4 percent in the three months to June.

Employment reached a new record high of 32.1 million workers, as the number of people in jobs increased by 181,000 in the three months to July 2017.

Report: Jose Mourinho Hits Out at Pereira's Decision to Leave Old Trafford

  Report: Jose Mourinho Hits Out at Pereira's Decision to Leave Old Trafford Manchester United manager Jose Mourinho has expressed his disappointment over the decision that Andreas Pereira took this summer to join Valencia on loan. Pereira spent the whole of last season on loan with Granada and has yet to start a Premier League game for Manchester United. However, according to the Mirror, Mourinho has thrown criticism towards the midfielder; claiming that his decision was immature and he should have stayed to fight for his place at the club.

Unemployment in the UK fell by 57,000 in the three months to June, official figures show, bringing the jobless rate down to 4.4% – its lowest since 1975. The squeeze on real incomes continues to grow, though at a slower pace. Average weekly earnings increased by 2.1% compared with a year earlier

LONDON — Britain's unemployment rate has struck a new 42 - year low , official data showed on Wednesday, as the uncertainty of Brexit boosts temporary hirings. Related Articles. British unemployment hits 41- year low .

A total of 1.46 million people were recorded unemployed at the end of July, down 175,000 on a year earlier.

But growth in wages continue to lag behind Britain's annual inflation rate, which ONS statistics Tuesday showed had jumped to 2.9 percent in August from 2.6 percent in July.

Average weekly earnings rose by 2.1 percent year-on-year in the three-month period to July, below the Bloomberg consensus estimate of 2.3 percent.

The combination of rising inflation and stagnating wage growth meant that real wages fell by 0.4 percent, further reducing purchasing power in the UK.

"Job creation is a huge UK success story," said Ian Stewart, chief economist at Deloitte.

"Despite Brexit uncertainties and slower growth, the UK continues to generate ever lower unemployment and ever more jobs."

Despite the strong jobs growth, there is concern that weak wages growth is starting to hurt consumption, reducing the chances of interest rate tightening from the Bank of England that would give a lift to savers.

The government on Tuesday signalled its intention to raise salaries for all public sector workers by more than a 1.0-percent cap in place during several years of state austerity.

The first to benefit are police officers, who will see their pay increase by 2.0 percent, and prison officers, who are receiving a 1.7-percent hike.

But the POA prison officer union branded the move a pay cut in real terms, reflecting a wider frustration at loss of purchasing power in the UK.

Stanley opens strong at East Lake, and so does Spieth .
Kyle Stanley and Jordan Spieth are off to strong starts in the Tour Championship with different goals in mind. Stanley ran off four straight birdies on the front nine, and then added two more late in his round on a steamy Thursday afternoon at East Lake for a 6-under 64. He had a two-shot lead.

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