U.K. Employment Declines for First Time in More Than a Year
- Jobless rate remains at 4.8%, statistics office data show
- Pay growth accelerates to 2.6%, fastest since August 2015
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U.K. employment fell for the first time in more than a year in the three months through October as the labor market showed some signs of weakness.
The number of people in work fell by 6,000 to 31.76 million people, the Office for National Statistics said on Wednesday. While the decline was small, and the jobless rate was unchanged at 4.8 percent, the statistics office said the labor market “appears to have flattened off in recent months.”