britain still has plenty of spare capacity in job market
Last Updated : GMT 00:17:02
Arab Today, arab today
Arab Today, arab today

Britain still has plenty of spare capacity in job market

Arab Today, arab today

Arab Today, arab today Britain still has plenty of spare capacity in job market

London - XINHUA

Latest data showed that there is still plenty of spare capacity in British job market, said experts in London Wednesday. With rising employment as well as rapid workforce expansion, British unemployment rate stood at 7.2 percent in the three months to December 2013. It was lower than the 7.6 percent of the previous three-month period, but higher than the 7.1 percent in the three months to November, showed official data issued Wednesday. "Even if the jobless rate begins to fall again, it will still take a long time before all of the spare capacity in the labor market is used up," said Samuel Tombs, Britain Economist at Capital Economics. Tombs said unemployment is well above its equilibrium rate, which analysts think could be as low as 5 percent. The underemployment is still high, argued the London-based economic research company. "The part-time employees who would prefer full-time work only fell from 18.2 percent in the three months to November to 18.1 percent in the three months to December," said Tombs. Andrew Goodwin, senior economic adviser at economics think-tank EY ITEM Club, said the small uptick in unemployment is not a game-changer, with rising vacancies and employment growth suggesting there is still plenty of life in the labor market. "The improvement in the jobs situation continues to contrast sharply against the slow pace of wage growth, which underscores the continue need for a supportive monetary stance," Goodwin noted. On the same day, Bank of England's monthly meeting minute showed that all Monetary Policy Committee's (MPC) members were content to support the new form of forward guidance, which set out in the February's Inflation report. British central bank scrapped its 7-percent unemployment target and introduced 18 more indicators, including labor productivity and spare capacity, as reference in the policy making process on Feb. 12. With considerable slack still left in the labor market and all MPC members seemingly committed to the new form of guidance, Capital Economics continue to believe that interest rates are likely to remain on hold until late next year. EY ITEM Club also expects the central bank not to raise interest rates until the third quarter of 2015.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

britain still has plenty of spare capacity in job market britain still has plenty of spare capacity in job market

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

britain still has plenty of spare capacity in job market britain still has plenty of spare capacity in job market

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Air China suspends flights to North Korea

GMT 10:39 2017 Thursday ,23 November

Air China suspends flights to North Korea
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria opposition meets in Riyadh

GMT 06:23 2017 Thursday ,23 November

Syria opposition meets in Riyadh
Arab Today, arab today Jordanian journalist happy of her career

GMT 17:37 2017 Thursday ,23 November

Jordanian journalist happy of her career
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today Srebrenica women cry tears of joy

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 10:43 2017 Wednesday ,22 November

Cigar-shaped asteroid came

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday