Mexican Media Brands
U.K. Unemployment Falls to 7-Year Low
The jobless rate in the U.K. declined to 5.4% in June-August, its lowest level since mid-2008, according to the Office of National Statistics.
#economics
Share
The jobless rate in the U.K. declined to 5.4% in June-August, its lowest level since mid-2008, according to the Office of National Statistics.
The agency says 1.8 million people currently are unemployed, down by 79,000 from the previous three-month period. Analysts predict the healthy job market will encourage the Bank of England to raise its prime interest rate, now at -0.1%.
RELATED CONTENT
-
GM, Ford Evaluate Possible Economic Slump
General Motors and Ford say they have bolstered their cash reserves in case the trade war between the U.S. and China triggers a global recession.
-
Study: Border Tax, NAFTA Exit Would Hurt U.S.
The U.S. auto industry would lose at least 31,000 manufacturing jobs and 450,000 units of annual sales if the U.S. imposes 35% tariffs on cars from Mexico, as President-elect Donald Trump has vowed to do.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.