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Macroeconomics  |  September 15, 2010 14:23:01

UK unemployment rate declined QoQ to 7.8 pct

British labor market has experienced in the quarter to July for further improvements. The number of Britons out of work fell by 8,000 to 2.467 million, the unemployment rate over the quarter to April, as expected, decreased by 0.1% to 7.8%, said the British estimate of the Statistical Office. In the second quarter, unemployment reached 7.8% in Q1 2010 jumped to 8.0%, and probably reached its peak.

The employment rate for Great Britain quarter increased by 0.4% to 70.7%. It was according to the ONS the largest increase since 1989. The number of British employed jumped 286,000 to 29.16 million, of which full-time by 121 thousand to 21.23 million, part time, including a robust self-employed 166 000 to 7.93 million.It was the largest growth in this category since 1992. The average hourly wage, including bonuses grew annually by 1.5%, slower than a revised 1.1% in the quarter to June. Annual wage growth accelerated without charge by 0.2% to 1.8%.

Development of applications for assistance recorded the first rise since January. The number of Britons claiming unemployment benefits in August increased by 2.3 thousand to 1.466 million and a decrease followed by 1.0 thousand in July. The number of people to support more than six months jumped by 12.8 thousand to 918.6 thousand, and it was only the second increase since last April. Application rate has stagnated at 4.5%. A majority consensus expected decline in 3000 and the application rate of 4.5% of applications.

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Míra nezaměstnanosti Spojeného království mezičtvrtletně klesla na 7,8 pct

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