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UK unemployment falls again as firms readied for lockdown easing - Netscape Money & Business

UK unemployment falls again as firms readied for lockdown easing By William Schomberg and David Milliken Reuters LONDON (Reuters) -Britain s unemployment rate unexpectedly fell again to 4.8% between January and March, a period which the country spent under a tight COVID lockdown, and hiring rose further in April, data showed on Tuesday. Economists polled by Reuters had mostly expected the unemployment rate to hold at 4.9%. The data added to signs that Britain s labour market has not suffered the severe hit feared at the onset of the coronavirus pandemic, in large part due to the government s huge jobs subsidy programme. The number of people in employment jumped by 84,000 in the first quarter of 2021, the first increase since the coronavirus crisis began and a stronger increase than the median forecast of a 50,000 rise in the poll. Those classed as unemployed fell by 121,000.

UK job vacancies highest for a year as lockdown eases

BBC News Published image copyrightReuters UK job vacancies have hit their highest level since the start of the pandemic as the easing of lockdown measures has led employers to start recruiting. In the February-to-April period there were 657,000 vacancies, up about 48,400 on the previous quarter. The unemployment rate fell slightly to 4.8% in the three months to March, down from 4.9% in February, the Office for National Statistics said. The ONS said there were early signs of recovery in the jobs market, However, despite the rise in job vacancies over the past 12 months, the level remains almost 128,000 below its pre-pandemic level in the January-to-March quarter of 2020.

Unemployment rate dips to 4 8pc – live updates

European stocks have shrugged off the inflation concerns of last week and investors are adopting a more optimistic outlook, following the easing of economic restrictions in several countries and the falling unemployment rate in the UK.

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