World Bulletin / News Desk
The British employment rate is at a record high ahead of the start of the country’s Brexit negotiations, official figures revealed on Wednesday.
The Office for National Statistics (ONS) said the employment rate reached 74.6 percent in the last three months. This is the highest the figure has been since 1971, when records began.
There were over 300,000 more people in work compared to the same time last year and the number of women in work was at a record rate of 70 percent, the ONS said.
The latest statistics also reveal unemployment continued to run at an 11-year low of just 4.8 percent, down by more than 900,000 since 2010.
Britain’s Secretary of State for Work and Pensions Damian Green said the country remained in a position of strength with the latest data.
“Our ongoing welfare reforms will continue to incentivize work and make sure the system is fair to all those who need it and those who pay for it,” Green said.
A government statement said “full-time work continues to drive the increase in employment, rising by 218,000 workers on the year, meaning that more people have the security of a regular wage”.
It added that “the number of people claiming benefits (claimant count) fell by 42,000 on the quarter to 2.1% -- the lowest rate since 1974.”
BIST 100 index rises 0.44 pct while US dollar/Turkish lira rate falls to 3.49
The day before, the dollar had rallied against both main rivals and the Dow reached a fresh record high after the US central bank kept alive the chance of a December increase in American borrowing costs.
Monthly index sees decline of 3.4 pct, according to Turkish Statistical Institute
BIST 100 index decreases 0.31 pct while US dollar/Turkish lira rate rose to 3.51
Frankfurt equities sagged despite a rally for shares in German heavy industry giant ThyssenKrupp, which announced a deal with Indian group Tata to merge their steel operations in Europe.
BIST 100 index drops 0.02 pct while US dollar/Turkish lira rate stands over 3.48
The move was seen as a bid to weather US-imposed sanctions on the embattled country.
Regulators decided in May to fine Banco Popolare di Vicenza a total of 11.2 million euros ($13.4 million), the ECB said in a press release.
BIST 100 index rises slightly 0.09 pct while US dollar/Turkish lira rate falls to 3.43
BIST 100 index rises 0.10 pct while US dollar/Turkish lira rate stands around 3.46
Borsa Istanbul's BIST 100 index goes down 0.89 pct at close, USD/TRY rate stands around at 3.44