vegassports-odds.com
vegassports-odds.com May 29, 2017


United Kingdom unemployment hits lowest level in 42 years

19 May 2017, 08:01 | Taylor George

"Air fares were the main contributors to the increase in the rate in April 2017, although this balanced out a downward effect of similar magnitude in March 2017 and is due to Easter falling later than a year ago", the Office for National Statistics (ONS) said in a statement.

"I still expect interest rates to remain at their current low level for some time yet given the slowdown in economic growth observed in the first quarter of this year, the pressure on real wage growth and the upcoming Brexit negotiations", he said.

Average weekly earnings excluding bonuses increased by 2.1%.in the three months to March, while inflation rose by 2.3% in the year to March 2017.

"But the fact that wage growth is not keeping up with price inflation does not bode well for consumer spending - which has been a key factor contributing to United Kingdom economic growth in recent years".

Bank of England Governor Mark Carney said that 2017 would be a challenging year for consumers with rising inflation leading to a fall in real wages.

The figure climbed from 2.3% in March, with the ONS citing climbing air fares as the main contributor, as well as rising prices for clothing, vehicle excise duty and electricity.

Tayside GP practices affected by NHS cyber-attack running as normal
The UK government called a meeting of its crisis response committee, known as Cobra, to discuss how to handle the situation. He had previously asked that patients other than those with emergencies avoid going to the surgery until Tuesday.

Gunfire hits Abidjan, Bouake and San Pedro amid mutiny
They were integrated into the army and represent some 8,400 soldiers of the more than 20,000 members of Ivory Coast's army. Authorities will maintain a firm line with the mutiny, government spokesman Bruno Kone said.

OPEC panel to conclude meeting on Friday
Michael Wittner, global head of oil research at Societe Generale, said the market was well on its way toward bracing for an Opec cut.

Mark Carney, the Bank's governor, also warned that this year "will be a more challenging time for British households", but said the forecasts also assumed a "significant" pick-up in wage growth if the United Kingdom negotiates a smooth exit from the European Union.

Consumers have been forced to tighten their belts since the pound's Brexit-induced fall over the past year pushed up the up the cost of living, the Bank of England said.

At the same time, inflation is heading toward 3 percent this year, squeezing consumer spending.

Data released on Tuesday showed consumer price inflation picked up speed in April to hit 2.7 per cent and many economists think it will reach 3 per cent soon.

However, the claimant count increased by a seasonally adjusted 19,400 in April, compared to expectations for a gain of 7,500 people and following a rise of 33,500 a month earlier, whose figure was revised from a previously reported reduction of 25,500. Analysts had expected inflation to increase to 2.6 per cent.

Factory output prices - a guide to future consumer price pressures - increased 3.6 percent, unchanged from the previous month and above forecasts of a 3.4 percent annual increase in the Reuters poll.



Other News

Trending Now

Man who ran over pedestrians was 'hearing voices'
Faisal Shahzad, a naturalised American and Taliban-trained militant, later pleaded guilty and was sentenced to life imprisonment. Several people were injured and one was killed when a speeding auto drove through Times Square on Thursday around lunch time.

Anthony Weiner cries while apologizing in court
Weiner will appear in federal court in New York Friday to enter the plea deal, but may have to wait several weeks for sentencing. The outspoken politician resigned from Congress in 2011 after an errant tweet ended up exposing his sexting habits.

Soundgarden frontman Chris Cornell passes away at the age of 52
Cornell is survived by his wife, Vicky, whom he married in 2004, their two children, and a third child from a previous marriage. Cornell said he offered minimal explanation for his songs because he wanted fans to come up with their own meanings.

Motor mouth: T. rex could bite with the force of three cars
They came up with a model for T-rex, which took into account bite forces but also tooth pressure. This isn't the first time scientists have dedicated research to the T-Rex's powerful bite.