What's Hot

    Introducing CleverAutomations: Ready-to-Use Automation Journeys for Recurring Revenue Growth

    September 21, 2023

    IKEA is Shocking Norwegians With Alternative Motives to Buy Their Furniture

    September 20, 2023

    Syndesis Health and InSyBio Partner in Predictive Modelling and Biomarker Discovery

    September 19, 2023
    Facebook X (Twitter) Instagram
    Trending
    • Introducing CleverAutomations: Ready-to-Use Automation Journeys for Recurring Revenue Growth
    • IKEA is Shocking Norwegians With Alternative Motives to Buy Their Furniture
    • Syndesis Health and InSyBio Partner in Predictive Modelling and Biomarker Discovery
    • United Arab Emirates Becomes First Country to Hold Fully Digital Elections With Scytl
    • CGFNS Appoints New Chief Technology Officer to Lead its Digital Transformation
    • TIME100 AI List’s Sougwen Chung: New AI Art Exhibition, HOFA
    • Better Worlds & AMM Announce Winners of the CultureTech Art & Music Challenge
    • HFR Supplies Private 5G for the ‘Metaverse-Based Industrial Advancement Project’ in Sacheon Aviation Complex
    • Home
    • Contact Us
    South Africa GazetteSouth Africa Gazette
    Friday, September 22
    • Automotive
    • Business
    • Entertainment
    • Health
    • Luxury
    • Lifestyle
    • News
    • Sports
    • Technology
    • Travel
    South Africa GazetteSouth Africa Gazette
    Home » Despite the lowest unemployment since 1974, the UK jobs boom is fading

    Despite the lowest unemployment since 1974, the UK jobs boom is fading

    September 14, 2022
    Share
    Facebook Twitter LinkedIn Pinterest Email

    A fall in the workforce and other signs suggest that the country’s jobs boom is petering out added to the Bank of England’s inflation concerns. This is because the country’s unemployment rate hit its lowest since 1974. In the three months to July, the unemployment rate fell to 3.6%, according to the Office for National Statistics. According to Reuters, economists expected it to hold at 3.8%.

    Despite the lowest unemployment since 1974, the UK jobs boom is fadingDespite its fall, the drop is not a positive sign for the British economy, which is at risk of a recession due to a number of factors. According to Reuters, employment increased by 40,000, less than a third of the increase predicted in the poll. During the past quarter, the economic inactivity rate – which measures the share of the population who are not working and not looking for work – increased by 0.4 percentage points to 21.7%, its highest rate since January 2017.

    Keep Reading

    From India to Brazil, leadership transition marks G20 Summit’s conclusion

    African Union Inducted into G20 on India’s Initiative

    Biden and Modi cement ties as India ascends global stage

    Digital work revolution sees the world’s gig economy expand by 12 percent

    ASEAN Summit in Jakarta sees PM Modi advocating India’s growing global impact

    Goldman Sachs accused of bullying culture in £1 million lawsuit

    Latest News

    From India to Brazil, leadership transition marks G20 Summit’s conclusion

    September 11, 2023

    African Union Inducted into G20 on India’s Initiative

    September 9, 2023

    Biden and Modi cement ties as India ascends global stage

    September 9, 2023

    UN calls for greater female representation in police forces worldwide

    September 8, 2023

    Digital work revolution sees the world’s gig economy expand by 12 percent

    September 8, 2023

    AI drives MENA Newswire’s entry into Saudi digital media

    September 8, 2023

    ASEAN Summit in Jakarta sees PM Modi advocating India’s growing global impact

    September 7, 2023
    © 2022 South Africa Gazette | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.