UK unemployment falls to 8.1 percent

The Associated Press    Translate This Article
18 July 2012

LONDON (AP) - Unemployment in the United Kingdom fell to 8.1 percent in the March-May quarter, down from 8.3 percent in the previous three months.

The Office for National Statistics said Wednesday that the rate was also an improvement on the 8.2 percent jobless rate reported last month for February-April.

The number of people with jobs increased by 181,000, the biggest quarterly gain in two years.

Total pay including bonuses was 1.5 percent higher than a year earlier, compared to an annual gain of 1.4 percent in the previous quarter.

Meanwhile, the Bank of England disclosed that seven members of its Monetary Policy Committee voted this month to approve a further 50 billion pounds ($78 billion) in asset purchases but two opposed the move.

Copyright © 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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