U.K. unemployment rate drops again, as British stocks open at highest level since February 2020

The U.K. unemployment rate fell to 4.7% in the February to April period, government data showed, marking the fourth straight month of declines after the key labor figure was measured at 4.8% between January and March.

In addition, the ONS said the number of job vacancies in the period from March to May was 758,000 — just 27,000 below pre-pandemic levels in January to March 2020. The news on Monday sent shares in the likes of Associated British Foods ABF, +2.88% tumbling. The owner of fashion retailer Primark offers only in-store shopping, with no online option for customers, and as such is highly sensitive to social-distancing measures. But ABF was the biggest riser in the FTSE 100 on Tuesday, as analysts pointed to helpful clarity over the extension of the restrictions.

wow

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Qualcomm reportedly offers to invest in Arm as regulators threaten to block Nvidia's $40 billion acquisitionQualcomm has said it is open to the idea of investing in U.K. chip designer Arm if the company's sale to Nvidia is blocked by regulators, according to a report. why the extreme promotion of lgbtq? commercials every break all day and night?
Source: CNBC - 🏆 12. / 72 Read more »

5 things to know before the stock market opens TuesdayU.S. stock futures were flat Tuesday ahead of a key government report on wholesale prices that could stoke or tamp down inflation fears. TSLA is Expected to move up by 9$ Thank me if forecast happens
Source: CNBC - 🏆 12. / 72 Read more »