Home / Market Update / The British Economy Added 184,000 Jobs in December

The British Economy Added 184,000 Jobs in December

The unemployment rate in the United Kingdom declined during the three-month period ending in November, as the repercussions of “Omicron” on the British economy were not clear, as it headed at the end of last year to re-tighten the closure restrictions.

According to data from the National Statistics Authority released on Tuesday, Britain’s unemployment rate fell by 0.4% to 4.1% in the period from September to November, lower than analysts’ expectations of 4.2%.

The number of jobs available in Britain during the three-month period ending in November rose to a new record of 1.24 million, which represents an increase of about 462,000 from pre-pandemic levels.

While the data indicated that the total number of people in the labor market recorded 29.5 million at the end of December, which represents an increase of about 184 thousand from November levels, and it also exceeds pre-pandemic levels by about 409 thousand.

Check Also

Bitcoin Faces Continued Pressure Amid Fed’s Hawkish Stance

Bitcoin traded marginally lower on Monday, reflecting ongoing caution among investors as macroeconomic uncertainties and …