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UK jobs market shine

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Christian Fernsby |
UK workers
Britain   UK workers

Britain's labour market showed unexpected strength in the second quarter, in sharp contrast with figures last week that showed the economy contracted over the same period as the country gears up for Brexit.

Topics: Britain England UK

Total earnings growth including bonuses rose by an annual 3.7% in the three months to June - the highest rate since June 2008 and up from 3.5% in May, and in line with forecasts in a Reuters poll of economists.

The jobs market has been a silver lining for the economy since the Brexit vote in June 2016, something many economists have attributed to employers preferring to hire workers they can later lay off rather than making longer-term commitments to investment.

Tuesday's figures showed Britain created 115,000 jobs in the second quarter, bringing the level of employment to a record 32.811 million, the Office for National Statistics (ONS) said.


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