UK Unemployment Rate At 42-Year Low; Wage Growth Remains Low
2017年9月13日 - 5:18PM
RTTF2
The UK jobless rate dropped to its lowest level in 42 years and
wage growth remained subdued during the three months ended July,
official data showed Wednesday.
The jobless rate fell to 4.3 percent, the lowest since 1975, the
Office for National Statistics said. Economists had forecast the
rate to remain unchanged at 4.4 percent.
The number of unemployed decreased by 75,000 from the three
months to April to 1.46 million in the May to July period.
At the same time, the employment rate was 75.3 percent, the
highest since records began in 1971.
Average earnings including bonus climbed 2.1 percent from the
previous year, the same rate as in the second quarter, but slower
than the expected rate of 2.3 percent. In the same period, real pay
fell 0.4 percent from last year.
At 2.9 percent, inflation rose to a more than five-year high in
August on clothing and petrol prices.
Although the unemployment rate fell even further below the Bank
of England's estimate of the equilibrium rate, wage growth
continues to be disappointingly flat, Andrew Wishart, an economist
at Capital Economics, said.
While some policymakers are clearly close to the limit of their
tolerance of higher inflation, the weakness of wages growth seems
likely to maintain the reluctance of the majority of members to add
to households' pain by raising interest rates in the very near
term, the economist added.
At its September meeting, the BoE is widely expected to maintain
its interest rate at a record low 0.25 percent and asset purchase
programme at GBP 435 billion.
In August, the claimant count held steady at 2.3 percent, ONS
said. The number of people claiming unemployment benefits fell
2,800 after declining 2,900 in July.
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