British unemployment rate dropped to 7.1 percent, marking a further step forward toward the threshold set by central bank to consider raising the interest rate, official figures released on Wednesday showed. The unemployment rate for the September-November period of 2013 was 7.1 percent of the economically active population, down 0.5 percentage points from the previous three-month period, said the Office for National Statistics (ONS). There were 2.32 million unemployed people, down 167,000 from the June to August period, the office said. Figures showed there are now a record-breaking 30.15 million people in work in the September-November period of 2013, an increase of 1.3 million since 2010, posing an employment rate of 72.1 percent. The employed people increased by 280,000 in the September-November period compared with the previous three months. The central bank, or the Bank of England, targeted 7 percent unemployment as a threshold to consider raising the current bank rate from its current historic low of 0.5 percent, where it has remained unchanged since March 2009. However, the minutes for the Monetary Policy Committee meeting held on Jan. 8-9 also released on Wednesday showed that the central bank still keep the interest rate at the record low level of 0.5 percent, indicating that the Bank is in no rush to raise rates.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor