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Macroeconomics  |  June 15, 2011 13:23:21

The unemployment rate in Britain in the quarter to April fell to 7.7 pct


The number of Britons out of work in the quarter to April fell by 88 thousand to 2.43 million (mezičtvrtně) and the unemployment rate fell by 0.2% to 7.7%, said the ONS Statistical Office. It was the biggest drop from quarter to August 2000. The result confirmed the expectations. In the same quarter a year ago the unemployment rate in Britain at 7.9%.

Number of economically active persons increased by 80,000 to 29.24 million and the employment rate increased by 0.1% to 70.6%. In the same period last year was 70.3%. Number of persons working full-time rose by 48,000 to 21.28 million, also a part-time by 31 thousand to 7.95 million.Public sector employment fell by 24,000 to 6.16 million, in the private sector rose by 104,000 to 23.08 million.

The average hourly wage, including bonuses rose by 1.8%, less than 2.4% in the previous quarter. A majority consensus expected an increase of 2.1%. Annual growth in wages without bonuses was 2.0%.

The number of Britons claiming support from the beginning of the year increased by 38 thousand. In May, unexpectedly jumped 19,600 to 1.49 million, after jumping a revised increase of 16,900 in April. The result surpassed the consensus forecast for 6500. The rate of applications is expected in six months remained the top 4.6%.

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