Unemployment drops but income growth remains slow ONS reports

Unemployment drops but income growth remains slow ONS reports Report shows highest employment rates since records began in 1971 but annual wage increase of just 0.7.
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UK trapped in ‘vicious spiral’ of falling wages and depressed investment

International Labour Organisation warns of threat of rising child poverty in Britain if measures to combat unemployment are not introducedBritain must do more to get companies investing and banks lending if it wants to turn around a stagnant labour market that has seen long-term unemployment double since the financial crisis began.That is the warning from […]
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Eurozone unemployment hits new high with quarter of under-25s jobless

Overall eurozone unemployment rose to 12.2% in April, with young jobless rate up slightly at 24.4% from 24.3% in MarchEurozone unemployment has hit a fresh high with young people the hardest hit as now almost one in four under-25s are out of work in the crisis-stricken currency bloc.Eurozone unemployment rose to 12.2% for April, an […]
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Euro leaders unite to tackle soaring youth unemployment rates

François Hollande makes impassioned plea for jobless ‘post-crisis’ generation that fears it will never workClick here for a graphic depicting youth unemployment in EuropeEuropean leaders warned on Tuesday that youth unemployment – which exceeds 50% in some countries – could lead to a continent-wide catastrophe and widespread social unrest aimed at member state governments.The French, […]
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UK unemployment starts to rise again

Number of people out of work increased 15,000 in the first quarter of the year as jobless rate pushed up to 7.8%Unemployment jumped and average wage rises dropped to their lowest rate on record in the three months to March, underlining concerns at the slow pace of the UK’s recovery.There was an increase in unemployment […]
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UK plunges down economic wellbeing league, while US remains top

In terms of disposable household income, UK fell from fifth place to 12th place over six years, according to new reportThe UK has plunged down an economic wellbeing league, falling from fifth place to 12th over six years, according to a new report that underlines the pressure on Britons’ finances amid rising unemployment.The Office for […]
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