UK job growth slows but no Brexit shock yet

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By Euronews
UK job growth slows but no Brexit shock yet

<p>Job creation in Britain slowed in the three months up to August but it seems the decision to leave the European Union has not yet undermined the labour market.</p> <p>The Office of National Statistics (<span class="caps">ONS</span>) said the number of people in work rose by 106,000 between June and August.</p> <p>The three previous readings had shown gains of more than 170,000.</p> <p>The jobless rate was unchanged at 4.9 percent, still the lowest level in almost 11 years.</p> <p>“These figures show that employment continued to grow over the summer and vacancies remain at high levels, suggesting continuing confidence in the economy,” <span class="caps">ONS</span> statistician Nick Palmer said.</p> <blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Commenting on today’s labour market figures <a href="https://t.co/0wgDSZGNiG">https://t.co/0wgDSZGNiG</a>, <span class="caps">ONS</span> statistician Nick Palmer said: <a href="https://t.co/6Cxbp0DPv5">pic.twitter.com/6Cxbp0DPv5</a></p>— <span class="caps">ONS</span> (@ONS) <a href="https://twitter.com/ONS/status/788679058280288256">October 19, 2016</a></blockquote> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script> <p>Unemployment in the UK is widely expected to rise though as companies plan to delay hiring while they wait for greater clarity on Britain’s future ties to the EU. </p> <p>Wage growth in the period from June to August held steady, but in real terms – measuring regular pay against inflation – earnings rose at their slowest pace since February 2015.</p> <blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">For Jun-Aug 2016 wages up 2.3% on a year earlier both including and excluding bonuses <a href="https://t.co/f5AY5tIqfa">https://t.co/f5AY5tIqfa</a> <a href="https://t.co/3ori8puGcv">pic.twitter.com/3ori8puGcv</a></p>— <span class="caps">ONS</span> (@ONS) <a href="https://twitter.com/ONS/status/788659247693389824">October 19, 2016</a></blockquote> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>