United Kingdom jobless rate falls to lowest since 1975 but pay growth weakens

Across the United Kingdom, unemployment fell by 65,000 in the latest quarter to 1.36 million, the lowest figure since 1976, giving a jobless rate of 4%.

Compared with the same three months of 2017 - when Scottish employment was at a record high - the number seeking work was up by 7,000, and the number of those aged 16 to 64 in employment was down by 3,000.

The drop came despite a smaller-than-expected number of jobs created over the three-month period of 42,000.

"This will not be what the Bank of England will have wanted to see, as one of the justifications for (its) decision to hike rates earlier this month was that it was expecting wage growth to start lifting off".

The unemployment rate fell to 4% in the quarter to June.

The official figures also slowed a fall of 104,000 in the number of those on of those on "zero-hours contracts" in their main job, to 780,000.

Job vacancies increased by 20,000 to a record high of 829,000, while average earnings increased by 2.4 per cent in the year to June, down from 2.5 per cent the previous month.

Barcelona win Spanish Super Cup after late penalty save
This is also the first year that the trophy will be decided over one game , with the Super Cup previously a two-legged affair. Sevilla qualified for Sunday's match as last season's Copa del Rey runners-up, after Barcelona won the league and cup double.

New 'Spider-Man' gameplay trailer highlights NY
It's an amalgam of different gameplay styles melded together, even offering Mary Jane a playable role later on in the game. In previous trailer for the game, Peter introduces Miles to Aunt May while she's working at F.E.A.S.T.

Trump Fires Back at Former Staffer Omarosa Manigault
Omarosa Manigault Newman is willing to cooperate with Robert Mueller's office if they ask her for any of the recordings she took. Ms Manigault Newman is now promoting her new book Unhinged , which offers an account of her time in the White House.

Job vacancies increased by 20,000 to a record high of 829,000 as the number of non-EU nationals working in the United Kingdom increased by 74,000 to 1.27 million.

Wage growth slowed to 2.4pc, with earnings rising exactly as much as prices.

Excluding bonuses, pay growth fell to 2.7 percent, well below the 4 percent rate typical before the financial crisis a decade ago.

According to the publication, the number of European Union nationals working in the country fell by 86,000 in year to June - making it the largest annual fall since comparable records began in 1997.

Senior ONS statistician Matt Hughes said: "The number of people in work has continued to edge ahead, though the employment rate was unchanged on the quarter".

The number of nationals from the eight East European countries that joined the EU in 2004 fell by 117,000, an 11.7 percent drop on the year.

Related News:



Most liked

Tiemoue Bakayoko Moves To AC Milan, Ends Disappointing Chelsea Spell
Bakayoko, 23, joins the Serie A side on a season-long loan with an option to make the deal permanent at the end of the season. Chelsea are back in action on Saturday when they welcome London rivals Arsenal to Stamford Bridge.

USA man flies plane into home after fight
Photos of the wreckage showed the white plane charred and in pieces in the front yard nearby an overturned and crushed vehicle . Youd was arrested on Sunday at around 7:30 p.m., police told Fox13, after he got into a domestic dispute with his wife.

Tesla forms three-member panel to look at any Elon Musk deal
Yasir Othman al-Rumayyan, managing director of the PIF, when contacted, referred Reuters to the corporate communications team. What's more, a deal would likely prompt a review but the Committee on Foreign Investments in the USA , noted the paper.

Vienna ranks as most liveable city in 2018 displacing Melbourne
After seven years at the top, Melbourne has been displaced by Vienna as the most liveable city in this year's ranking. It is the first time it has topped the EIU survey, which began in its current form in 2004.

No recall for Stokes as England name unchanged third Test squad
The jury heard Stokes had no recollection of hitting Ali and could not remember what was said during the alleged homophobic abuse. A third man, Ryan Hale, 27, was acquitted of the charge last Thursday on the directions of the judge, Peter Blair QC.

White House paranoia deepens after Omarosa tapes
It's not clear what agreement Trump was referring to. "I was not signed to a non-disclosure agreement to hush me up", Lotter said. Manigault Newman says she has more recordings. "If he - if his office calls again, anything they want, I'll share", she said.

Manchester City and Liverpool put down markers with impressive wins
The opening weekend of Premier League season 2018/19 concluded on Sunday with three games, and they certainly did not disappoint. French full-back Benjamin Mendy strode forward and cut the ball back to Bernardo Silva who made no mistake with his finish.

Omarosa: Trump has ‘done nothing’ to stem Chicago violence
For example, Trump's former personal aide John McEntee, who was removed from his job in April, went to the campaign. Omarosa had Zero credibility with the Media (they didn't want interviews ) when she worked in the White House.

Turkey Financial Crisis: Stocks at Record Low as Lira Plunges Again
The cycle is, in the jargon, "late stage" and so any sign of danger will be an excuse to sell assets that appear at all risky. Turkey's finance minister said they would start implementing an action plan on Monday but gave no further details.

Rupee crashes to an all-time low of 70.09 against USA dollar
The Indian rupee slipped to a record low as it fell 66 paise in early trade on Monday. On Friday, the rupee had lost 15 paise to end at 68.83 against the resurgent dollar.

Turkish economy is solid, strong: President Erdogan
The answer may lie in Turkey , where a political standoff with the Trump administration has led to a sudden currency crisis. US crude fell 0.47 percent to $67.31 per barrel and Brent was last at $72.76, down 0.07 percent on the day.

Court rules NPA's Shaun Abrahams appointment unconstitutional
The high court made findings about me without hearing me and today I am glad that their decision has been set aside". The removal of Mr Nxasana and appointment of Adv Abrahams are constitutionally invalid. "I am vindicated.

Barcelona chief won't rule out move for Manchester United star Paul Pogba
Braida said: "Pogba? I do not think we're going to move, but he's an incredible player". Get the latest World Cup news updates.

Tiger's PGA run likely punched his ticket to Ryder Cup
In fact, Woods put up a performance for the ages, shooting 6-under-64 to finish solo second and behind champion Brooks Koepka . Mannequins may have been stacked up on the floor, but there were still plenty of hats, shirts and jackets on the shelves.

Honda refreshes Civic sedan and coupe, adds 'Sport' trim
An adjustment to the front and rear fascias pass for a visual refresh, but only the most devout Civic fans will likely notice. New wheel designs round off the styling updates on the returning trims, with 18-inch rims now the norm for the Touring model.