Britain&#39;s employment stable at 5.4 percent
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Britain&#39;s unemployment rate stood at 5.4 percent in the three months to July, unchanged from the three months to June, official data showed Wednesday.
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Employers showed a decent appetite to hire in May, boosting payrolls by 157,000, the most in two months. The unemployment rate held steady at 4.5 percent.
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Interest rates have been kept at 4.75% amid signs that five rises over the last year had finally put the brakes on house prices and consumer spending.
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The Bank of England has held its key interest rate at 4.75 percent for the second consecutive month.
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Britain&#39;s unemployment rate fell 0.1 percentage point to 4.7 percent in the latest quarter, according to official data released Wednesday.
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The economy probably added 150,000 jobs in September and the unemployment rate held steady at 5.4%, a three-year low, according to a survey of economists.
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UK interest rates have been kept on hold at 5% following the latest meeting of the Bank of England.
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The Bank of England surprised precisely no one by leaving interest rates unchanged at 4.75 percent for a fourth successive month, a decision widely anticipated amid continued signs of a cooling British economy.
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(CBS/AP) The Labor Department said Friday that employers&#39; payrolls increased by 96,000 overall in September while the unemployment rate held steady at 5.4 percent.
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The Bank of England&#39;s Monetary Policy Committee voted unanimously to keep interest rates steady at 4.75 percent earlier this month, but analysts say another
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The Bank of England held its key interest rate at 4.75 percent, opting against a further rise after last month's surprise quarter-point increase, the central bank announced.
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The Bank of England is expected to keep interest rates at 5.25%, but another rise remains a possibility.
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Payrolls grew by an estimated 96,000 jobs in September and the unemployment rate remained at 5.4%, the Labor Department said Friday, providing fodder for the presidential campaign.
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The Bank of England is seen holding rates at 5.5% after its latest meeting, but a rise remains a possibility.
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US employers probably added 175,000 workers to payrolls in October, the most in five months, while the unemployment rate held at a three-year low of 5.4 percent, the median forecast in a Bloomberg News survey of economists shows.
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The European Central Bank held its key interest rate at 4 percent while the Bank of England cut its benchmark rate by a quarter percentage point to 5.25 percent.
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Bank of England policymakers are forecast to keep British interest rates at 4.50 percent for the eleventh month in a row on Thursday, despite recent upgrades to British economic growth data.