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UK job growth slows but no Brexit shock yet

2016-10-19 46 Dailymotion

Job creation in Britain slowed in the three months up to August but it seems the decision to leave the European Union has not yet undermined the labour market.<br /><br /> The Office of National Statistics (ONS) said the number of people in work rose by 106,000 between June and August.<br /><br /> The three previous readings had shown gains of more than 170,000.<br /><br /> The jobless rate was unchanged at 4.9 percent, still the lowest level in almost 11 years.<br /><br /> “These figures show that employment continued to grow over the summer and vacancies remain at high levels, suggesting continuing confidence in the economy,” ONS statistician Nick Palmer said.<br /><br /> Commenting on today’s labour market figures https://t.co/0wgDSZGNiG, ONS statistician Nick Palmer said: pic.twitter.com/6Cxbp0DPv5— ONS (@ONS) October 19, 2016<br /><br /> Unemployment in the UK is widely expected to rise though as companies plan to delay hiring while they wait for greater clarity on Britain’s future ties to the EU. <br /><br /> Wage growth in the period from June to August held steady, but in real terms – measuring regular pay against inflation – earnings rose at their slowest pace since February 2015.<br /><br /> For Jun-Aug 2016 wages up 2.3% on a year earlier both including and excluding bonuses https://t.co/f5AY5tIqfa pic.twitter.com/3ori8puGcv— ONS (@ONS) October 19, 2016<br />

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