U.K. Services Employment Rises at Record Pace

Employment at U.K. services companies rose by a record last month amid brightening prospects, helping the economy maintain its momentum at the end of the second quarter.

Markit Economics said the employment component of its Purchasing Managers’ Index rose to 58.8 from 56.2 in May. The headline measure for services, the biggest part of the economy, was at a three-month low of 57.7, down from 58.6 the previous month. That’s still above the 50 level that divides expansion from contraction.