UK economy is in recovery! 

Finally some good news - UK unemployment falls to 7.6% to September 2013. It is lowest figure for more than 3 years. Looks like Great Britannia is on its way up. Nearly 42,000 fewer people claimed jobless benefits in October.

But even as the UK labour market picks up, many people in work are not seeing an improvement in their living standards and a study by the Institute for Public Policy Research said young Britons are experiencing a “jobless recovery”.

At the same time the Bank of England said unemployment will fall much faster than it had previously predicted, but stressed that it is in no hurry to raise interest rates.

Source:
Sky News
Euro News

Finally some good news - UK unemployment falls to 7.6% to September 2013. It is lowest figure for more than 3 years. Looks like Great Britannia is on its way up. Nearly 42,000 fewer people claimed jobless benefits in October.

But even as the UK labour market picks up, many people in work are not seeing an improvement in their living standards and a study by the Institute for Public Policy Research said young Britons are experiencing a “jobless recovery”.

At the same time the Bank of England said unemployment will fall much faster than it had previously predicted, but stressed that it is in no hurry to raise interest rates.

Source:
Sky News
Euro News

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