U.K. Employment Rises More Than Forecast But Wage Growth Slows
- Economy added 146,000 jobs in the three months through April
- Wage growth excluding bonuses unexpectedly eases to 2.8%
Photographer: Simon Dawson/Bloomberg
This article is for subscribers only.
The U.K. economy continued to create jobs at a healthy pace in the three months through April but wage growth unexpectedly slowed.
The employment rate reached a record-high 75.6 percent after the economy added 146,000 jobs, more than the 120,000 predicted by economists. The jobless rate held at 4.2 percent, its lowest since 1975.