U.K. jobless at 8-year low
NZPA-Reutef London Britain’s jobless total fell below two million during January for the first time in eight years, the Government said. The Employment Secretary, Norman Fowler, said 1.99 million people were unemployed last month, representing about seven per cent of the workforce. Unemployment has now
n ■ fallen by 1.15 million from its 1986 peak and Mr Fowler described the seasonally adjusted figure for January as “a very important milestone.” The Opposition Labour Party said the figures were manipulated and the real jobless number was around 2.5 million. Economists said good news on employment could be
dampened today by another set of statistics expected to show inflation has leapt to a seven-year high of at least seven per cent. The Government also announced that average earnings rose a seasonally adjusted 8.75 per cent for the year to December, unchanged from the previous month.
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Press, 18 February 1989, Page 10
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147U.K. jobless at 8-year low Press, 18 February 1989, Page 10
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