U.K. labor-market figures Tuesday paint a picture of an economy operating at or close to full capacity amid record employment. Average earnings excluding bonuses were 3.3 percent higher in the three months through October than a year earlier. That’s the fastest since the end of 2008. Economists expect a further acceleration as labor shortages force employers to raise pay rates to recruit and retain staff.
Unemployment rose 20,000 as economic activity fell, leaving the jobless rate at 4.1 percent. (11.12.2018)
Post by : Republic of Turkey Ministry of Trade