The UK unemployment rate increased and employment declined in three months to August as the pandemic weighed on the labor market, data from the Office for National Statistics showed Tuesday.
The ILO jobless rate rose by 0.4 percentage points from the preceding quarter to 4.5 percent in three months to August. The rate was above economists’ forecast of 4.3 percent.
Unemployment increased by 138,000 from the prior quarter to 1.52 million.
The ONS said there were also around 192,000 people away from work because of the pandemic and receiving no pay in June to August.
The employment rate fell by 0.3 percentage points to 75.6 percent in three months to August.
Employment totaled 32.59 million, which was153,000 fewer than the previous quarter.
Further, data showed that average total pay including bonus remained unchanged from the same period last year and earnings excluding bonuses grew 0.8 percent.
In September, the claimant count rate rose to a seasonally adjusted 7.6 percent from 7.5 percent in August.
The number of people claiming unemployment benefits increased by 28,100 in September from the previous month.
The material has been provided by InstaForex Company – www.instaforex.com
🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.
As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.