The number of Brits finding work increased in June as the economy recovered from COVID-19 lockdowns, adding 356,000 jobs compared to May.
- The Office for National Statistics shows that the number of job vacancies continued to increase attributable to hospitality, wholesaling, and retailing.
- Separate data showed the unemployment rate rose to 4.8% in three months to May, from 4.7% in three months to April. The average pay rose by 7.3% compared to a 5.7% rise in three months to April.
- The UK economy has reopened slowly from the COVID-19 lockdowns, with the government loosening the restrictions gradually. In May, indoor hospitality places were allocated to resume the economy.
- June’s payroll data were promoted by an increase of 94,000 in food and accommodation jobs.
The pound was almost flat against the dollar after the release of the data at around $1.386 against dollar. FTSE 100 futures dropped by 0.4%.
GBP USD dips -0.04%, FTSE 100 Index slips -0.71%
Source: Office of National Statistics.