THURSDAY, 18 JUL 2019

 

CONNECT

Facebook Linked In Twitter
GAP_Group_2019_728x90px
Invest Cyprus 30/04-30/03/2019
IMH LTD

Nicos Anastasiades Congratulates Ursula von der Leyen

Christine Lagarde Resigns as Head of IMF

IMH LTD
GAP_Group_2019_468x60px

INTERNATIONAL

brought to you by CIPA

Unemployment across UK Shows Slight Fall

Unemployment across UK Shows Slight Fall

Unemployment fell by 27,000 in the three months to February to 1.34 million, official Office for National Statistics (ONS) figures show.

The number of people in work was also virtually unchanged at a record high of 32.7 million, with a jump of 179,000.

The figure has increased by 457,000 over the past year, all among full-time employees and the self-employed, the BBC reports.

Average weekly earnings, excluding bonuses, had an estimated rise of 3.4%, before adjusting for inflation.

When adjusted for inflation, pay, including bonuses, increased by 1.5% on the year, the highest figure since the summer of 2016.

The UK's unemployment rate of 3.9% is now lower than at any time since the end of 1975.

ONS deputy head of labour market statistics Matt Hughes said: "The jobs market remains robust, with the number of people in work continuing to grow.

"The increase over the past year is all coming from full-timers, both employees and the self-employed.

"Earnings have now been growing ahead of inflation for over a year, but in real terms, wage levels have not yet returned to their pre-downturn peak."

Employment Minister Alok Sharma said: "The UK jobs market continues to go from strength to strength, proving the underlying resilience of the British economy.

"But we must not take this for granted. We need to work urgently to get behind a Brexit deal that protects this jobs record and gives employers the certainty to continue to invest in their workforce and boost wages."

The number of economically inactive people fell by 114,000 in the latest quarter to 8.53 million, a rate of just under 21%, the joint lowest on record.

The number of vacancies was almost unchanged at 852,000.

MORE ON INTERNATIONAL

Pound Hits Two-Year Low as City Fears of No-Deal Brexit Intensify

Sterling falls by a cent against dollar after Tory leadership candidates’ backstop ...

Sir Philip Green's Arcadia Rescue Plan Faces US Legal Challenge

Topshop owner’s plans threatened by legal action from New York property group, The ...

UK Living Standards Hit by Rising Prices and Weak Wage Growth

Resolution Foundation says households suffering worse than 1990s recession, The Guardian ...

FROM AROUND GOLDNEWS

   

Expenditure for Environmental Protection Activities in Industry In 2017 Shows Increase

Expenditure for environmental protection activities in industry in 2017 recorded an increase compared to 2016, the Cyprus News Agency reports. On the basis ...
   

Limassol Boat Show 2020

The sixth edition of the largest boat show in Cyprus and the Eastern Mediterranean region will be proudly hosted at Limassol Marina from 7th to 10th May 2020. ...
   

Ursula von der Leyen Elected First Female European Commission President

German minister wins narrow backing of MEPs to succeed Jean-Claude Juncker, The Guardian reports. Ursula von der Leyen has been confirmed as the European ...
   

Christine Lagarde Resigns as Head of IMF

Christine Lagarde has said she will step down as managing director of the International Monetary Fund (IMF), the BBC reports. It comes ahead of a decision ...
   

Pound Hits Two-Year Low as City Fears of No-Deal Brexit Intensify

Sterling falls by a cent against dollar after Tory leadership candidates’ backstop remarks, The Guardian reports. The pound has fallen to its lowest ...
   

Sir Philip Green's Arcadia Rescue Plan Faces US Legal Challenge

Topshop owner’s plans threatened by legal action from New York property group, The guardian reports. Sir Philip Green’s rescue restructure of ...
   

Shipping Deputy Minister and Shipping Chamber President Discuss Ways of Enhancing Cooperation

The recently elected President of the Cyprus Shipping Chamber, Philippos Philis had an official courtesy meeting with the Shipping Deputy Minister, Natasa ...
   

Credit Risk Management, SMEs and Family Firms

Professor Panikkos Poutziouris, Rector and Professor in Entrepreneurship and Family Business at UCLan Cyprus will be one of the speakers in the upcoming ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Limassol_Economic_19/06-18/10_300x250px
CIM_Scholarships_03/06-31/07_300x250px

IMH LTD