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Page 10 - டேரன் மோர்கன் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

British pound soars to three-month high after unemployment rate dips to 4 8%

SHARE The British pound rose to a three-month high against the US dollar on Tuesday after the country s unemployment rate dipped to 4.8 per cent in the three months to March. The fall in the jobless level, down from 4.9 per cent in February, according to the Office for National Statistics, came despite England spending the period in its third lockdown and employment surging by 84,000 – the first gain since the pandemic started. The positive news saw the pound rise above $1.42 for the first time since February in early London trading, and at 10.25am London time sterling was up around 0.58 per cent on the day at $1.4216.

The UK unemployment rate dropped to 4 8% in the first quarter as the country prepared to reopen from lockdown

The UK unemployment rate dropped to 4.8% in the first quarter as the country prepared to reopen from lockdown hrobertson@businessinsider.com (Harry Robertson) © Getty Coronavirus restrictions were eased slightly in the UK in March. Getty The UK unemployment rate fell to 4.8% in the first quarter, down from 5.1% at the end of 2020. Britain is on track to lift all restrictions in June, thanks in part to its rapid vaccine rollout. The government s wage-subsidy scheme, known as furlough, has prevented steep job losses. The UK unemployment rate fell to 4.8% in the first three months of the year despite strict coronavirus lockdowns as the government s wage-subsidy scheme continued to support the labor market and the outlook for the economy brightened, official figures showed on Tuesday.

Jobless rate drops and payroll workers rise as lockdown lifts

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