UK Adds 356,000 Jobs in June with the Reopening of the Economy

UK Adds 356,000 Jobs in June with the Reopening of the Economy

(Office for National Statistics) The number of Brits in employment increased by 356,000 in June, signaling an improving economic outlook. 

The hospitality industry contributed 94,000 food and accommodation jobs with the reopening of the economy.

Unemployment peaked at 4.8% in the three months to May, from 4.7% in the three months for April, but down from the previous quarter rate of 5%.

The Office of National Statistics data also shows wholesaling and retailing as the other sectors adding more jobs to the economy. 

Compared to last year, the average wage rose 7.3% for the quarter ended May, more than 5.7% increase in the quarter ended April. 

The UK government is set to lift all restrictions by July 19 that could see more job gains.

GBPUSD is up 0.19%, FTSE 100 is down -0.14%

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