Unemployment in the United Kingdom is 4.2 per cent

HSPRP

Wednesday, July 18, 2018 – 02:15

The British unemployment rate in May has stabilized at its lowest level since 1975, according to official data.

The National Bureau of Statistics The unemployment rate remained stable at 4.2% between March 1 and the end of May, the same as between February and the end of April

.

Commenting on unemployment figures, Ben Brittell, economist at financial services firm Ha "Markets are eagerly awaiting interest rate hikes by the Bank of England in August."

"Given the growing ambiguity, monetary policy makers are very likely to wait for the economy to be on the right track," Lansdowne said. Just before risking an increase in the costs of borrowing.

The British central bank is expected to raise the benchmark loan rate by one-quarter to 0.75% in August, despite the vagueness of the BRICST economic outlook and the fear of a "war" "

] Ian Stewart, chief economist of PS Deloitte said:" The trend of rising rates in August could be boosted, but it is hardly convincing. "

" Growth has increased after a bad start this year, "he said, however, the low unemployment rate will eventually lead to significant wage pressures as the uncertainty surrounding the BRICCET continues."