Market Report: UK jobs market in focus as employment under pressure and radar
The Market Report with Katie Pilbeam.
FTSE 100 headed lower as the US dollar continued its recent decline while new figures showed the UK jobs market is not rebounding. London’s blue-chip index dropped 30 to 6,970.
Britain’s jobless rate fell only slightly to 4.9% in the three months to February, though lockdown rules were in place for most of the period. The Office of National Statistics (ONS) said the jobs market was subdued but "broadly stable".
Associated-British-Foods-PLC/]LON:ABF) said Primark notched up record sales in the first week after reopening in England and Wales. Over half of the stores of the fast-fashion retailer, which doesn’t have an e-commerce platform, broke their own sales records.