The number of people in work in the U.K. rose by 154,000 in Q4 to a record 29.73M, further extending the puzzle of how the labor market remains strong despite the stagnant economy. Unemployment-benefit claims fell by 12,500 vs consensus for a drop of 5,000. The number of people without a job in the wider ILO measure fell by 14,000 to 2.501M; unemployment rate dropped to 7.8% from 7.9% in Q3 and vs forecasts of 7.7%. (PR)
The number of people in work in the U.K. rose by 154,000 in Q4 to a record 29.73M, further...
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