By Xavier Fontdegloria
The number of people employed in the UK increased in December and the unemployment rate continued to decline. This indicates that the termination of the layoff program and the spread of variants of the Omicron coronavirus did not undermine the UK labor market.
According to National Bureau of Statistics data released on Tuesday, corporate salary staff in December increased by 184,000 from the previous month to 29.5 million.
According to ONS, the increase in employment was coupled with the decrease in unemployment. The unemployment rate fell to 4.1% in the three months to November, below the 4.2% consensus forecast polled by The Wall Street Journal. It said the number of petitioners decreased by an additional 43,300 in December compared to the previous month.
Average weekly income for the three months from September to November was up 4.2% year-on-year. Excluding bonuses, revenue increased 3.8%, below the 4.3% registered from August to October.
Write to XavierFontdegloria at xavier.fontdegloria@wsj.com
Despite Omicron’s tragedy, the UK labor market tightened in December
Source link Despite Omicron’s tragedy, the UK labor market tightened in December
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