UK unemployment drops to 50-year low of 3.7%

The UK’s unemployment rate has fallen to its lowest in nearly fifty years but workers are still suffering sharp falls in real income as wage growth lags behind soaring inflation. Figures from the Office for National Statistics (ONS) showed that the country’s jobless rate dropped to 3.7 per cent from 3.8 per cent in the three months to March, the lowest since 1974 and better than economist expectations of no change in the first quarter. In a further sign that businesses are struggling to recruit, the ONS said that the economy now had more open job vacancies than unemployed people for the

UK unemployment drops to 50-year low of 3.7%

The UK’s unemployment rate has fallen to its lowest in nearly fifty years but workers are still suffering sharp falls in real income as wage growth lags behind soaring inflation. Figures from the Office for National Statistics (ONS) showed that the country’s jobless rate dropped to 3.7 per cent from 3.8 per cent in the three months to March, the lowest since 1974 and better than economist expectations of no change in the first quarter. In a further sign that businesses are struggling to recruit, the ONS said that the economy now had more open job vacancies than unemployed people for the

UK unemployment drops to 50-year low of 3.7%

The UK’s unemployment rate has fallen to its lowest in nearly fifty years but workers are still suffering sharp falls in real income as wage growth lags behind soaring inflation. Figures from the Office for National Statistics (ONS) showed that the country’s jobless rate dropped to 3.7 per cent from 3.8 per cent in the three months to March, the lowest since 1974 and better than economist expectations of no change in the first quarter. In a further sign that businesses are struggling to recruit, the ONS said that the economy now had more open job vacancies than unemployed people for the

UK unemployment drops to 50-year low of 3.7%

The UK’s unemployment rate has fallen to its lowest in nearly fifty years but workers are still suffering sharp falls in real income as wage growth lags behind soaring inflation. Figures from the Office for National Statistics (ONS) showed that the country’s jobless rate dropped to 3.7 per cent from 3.8 per cent in the three months to March, the lowest since 1974 and better than economist expectations of no change in the first quarter. In a further sign that businesses are struggling to recruit, the ONS said that the economy now had more open job vacancies than unemployed people for the

Greggs sales lag in cities amid shift to working from home

Greggs has revealed that its sales in large cities and locations near offices are lagging behind those elsewhere in the UK as a result of the shift to home working. Roger Whiteside, the outgoing chief executive of the bakery chain, said transaction numbers in city centres were 10% below pre-Covid levels. “There are less people going to offices and less people going shopping. I suspect it will never go back to the numbers pre-Covid, although it might get a bit better,” he said. The findings were backed by independent data from analysts at Springboard published on Monday, which showed the number of

Greggs sales lag in cities amid shift to working from home

Greggs has revealed that its sales in large cities and locations near offices are lagging behind those elsewhere in the UK as a result of the shift to home working. Roger Whiteside, the outgoing chief executive of the bakery chain, said transaction numbers in city centres were 10% below pre-Covid levels. “There are less people going to offices and less people going shopping. I suspect it will never go back to the numbers pre-Covid, although it might get a bit better,” he said. The findings were backed by independent data from analysts at Springboard published on Monday, which showed the number of