UK Wages Pick Up as Fewer Foreign Workers Take Jobs

UK Wages Pick Up as Fewer Foreign Workers Take Jobs

UK Wages Pick Up as Fewer Foreign Workers Take Jobs

The headline rate rose by 0.1 percentage points to 4.4 per cent, up from 4.3 per cent, according to the Office for National Statistics (ONS), although unemployment has actually been rising over the past three months if measured to a higher degree of precision.

However, Norway believes that the marginal change is well within the margin of error.

Other figures revealed that the number of non-UK nationals from outside the European Union working in this country fell by 68,000 to 1.17 million in the quarter to last December compared with the previous year.

Despite the increase - the first jobless jump since the summer of 2016 - the number of people in work increased by 88,000 to 32.1 million.

The ONS attributed a rise in unemployment to fewer economically inactive people - those neither working nor looking for a job. In Dudley the number claiming jobless benefits jumped by 165 to 6,490 and in Sandwell it was up by 210 to 7,105.

Analysts said that Wednesday's data reduced the likelihood that the Bank of England would raise its main interest rate in May, as had been widely expected by markets.

Britain's unemployment rate has risen for the first time in 16 months, official data showed Wednesday, in a sign that Brexit uncertainty is feeding into the wider economy.

That's up from the previous month's equivalent rate of 2.3 percent.

Average earnings increased by 2.5% in the year to December, unchanged from the previous month, said the Office for National Statistics.

Britain's unemployment rate rose unexpectedly for the first time in nearly two years in the three months to December, official data showed on Wednesday.

The figures from the Office for National Statistics (ONS) sent the pound a cent lower against the USA dollar to just over $1.39.

Meanwhile real earnings continue to fall.While average weekly earnings for employees in Great Britain in nominal terms increased by 2.5%, when adjusted for inflation, they fell by 0.3%.

This increase remained below inflation.

"Rising employment this past year was largely driven by United Kingdom nationals" as fewer eastern Europeans and non-EU nationals were working than a year earlier, ONS statistician Matt Hughes said.

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