UK jobs market shines, but clouds on horizon

  • 📰 Reuters
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

Britain's labor market showed unexpected strength in the second quarter, in...

LONDON - Britain’s labor 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.

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. Sterling showed little reaction to the data, which tend to lag broader trends in the economy and had also appeared healthy in the lead-up to the financial crisis.

Some details pointed to tougher times ahead, after data last week showed the economy unexpectedly shrank by 0.2% in the three months to June.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I read the news , UK 's status is bad and economy run down . Soon UK -US trade agreement dont benefit so ı am upset

United States United States Latest News, United States United States Headlines