Jul. 23, 2014 12:32 pm
Question
Welcome!
|
||
Logout|My Dashboard

UK employment rate matches record high

Print
Font Size:
Default font size
Larger font size

Posted: Wednesday, July 16, 2014 6:53 am

LONDON (AP) — Government figures show the proportion of workers in Britain has hit its joint-highest level since records began over 40 years ago.

The Office for National Statistics said Wednesday that the employment rate rose to 73.1 percent of the population in the three months through May from 72.6 percent in the previous three-month period. The rate last reached that level in February 2005 and hasn't been higher since records began in 1971.

Meanwhile, unemployment fell to 6.5 percent, 0.4 percentage points lower than the previous quarter. The rate is at its lowest since the height of the global financial crisis at the end of 2008.

The figures provide further evidence that the U.K. economy, Europe's third-largest, is growing strongly and reinforces expectations that the Bank of England will raise interest rates.

© 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

More about

More about

Rules of Conduct

  • 1 Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
  • 2 Don't Threaten or Abuse. Threats of harming another person will not be tolerated. AND PLEASE TURN OFF CAPS LOCK.
  • 3 Be Truthful. Don't knowingly lie about anyone or anything.
  • 4 Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
  • 5 Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
  • 6 Share with Us. We'd love to hear eyewitness accounts, the history behind an article.

Welcome to the discussion.