Between February to April 2016 and May to July 2016, the number of people in work increased. The number of unemployed people and the number of people not working and not seeking or available to work (economically inactive) fell. For August 2016 there were 771,000 people claiming unemployment related benefits. This was 2,400 more than for July 2016, but 21,300 fewer than for a year earlier.
The unemployment rate was 4.9%, down from 5.5% for a year earlier. The last time it was lower was for July to September 2005. The unemployment rate for those aged 16 and over for May to July 2016 was 4.9%. This was slightly lower than for February to April 2016 (5.0%), but lower than for a year earlier (5.5%).
Sterling is currently being traded around 1.32 handle. Pair is likely to find support around 1.3140 and resistance above 1.3250 area.
Last modified on Wednesday, 14 September 2016
UK still likely to leave the EU with a negotiated agreement, says Number 10
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