Macroeconomics  |  December 13, 2012 09:21:52

The British economy at the end of the year is celebrated

The labor market in the UK has a reason to celebrate. Number of Britons claiming unemployment benefits fell sharply in November, and the number reached a record high. Number of applications for unemployment benefits dropped last month about 3 000 Yoy, then dropped to about 128,000 in the final 2.5 million and got a minimum in May 2011. The number of employed British broke the long-standing record of 1971 and amounted to 29.6 million. The unemployment rate remained at 7.8 percent.
A recent survey in the private sector revealed that the services sector increased staff numbers and vice versa industrial companies downsizing. Last month, British employers have employed the most people in full-time employment through recruitment agencies.
Data from the labor market are great news for the Bank of England (BoE), which last week decided not to increase the money in circulation. Chancellor George Osborne central bank has a personal reason to radosti.Ten had faced sharp criticism because preferred combat the budget deficit instead to focus on stimulating economic growth.

The British pound against the dollar reached after the publication of 5týdenního maximum 1.6148. Libra all day so strengthened against the U.S. dollar, which weakened before the Fed's meeting in the evening.

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