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Seven Days: 22 March 2019

Seven Days: 22 March 2019

Britain is working

Jobs boost

Despite the wider uncertainty around Brexit and its potential effect on the economy, the UK’s corporates continue to take on new workers. The latest jobless figures for the UK showed unemployment had fallen to 3.9 per cent of the working population in the three months to January, its lowest level since 1975. This came after 222,000 people joined the workforce, taking it to a new high of 32.7m. While some hailed the figures, concerns were raised that the figures were boosted by older people remaining in the workforce for longer, with the number of people in retirement at its lowest in 25 years. But in a further boost to the government, wages are rising at an average 3.4 per cent, well ahead of the latest inflation figure.

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