INSTANT VIEW - Jobless claims up for fifth straight month
LONDON (Reuters) - The number of Britons out of work and claiming benefits rose for a fifth straight month in June and by its largest amount since 1992, official data showed on Wednesday.
The jobless rate, however, stood at 2.6 percent -- a far cry from the near 10 percent that were out of work back in the early 1990s when the economy fell into a protracted recession.
Average earnings growth eased in May, in a sign that higher
living costs have yet to feed through to wages.
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KEY POINTS
- Weakest single month average earnings growth since June
2007, when it was 3.2 percent
- Biggest rise in claimant count since December 1992, when it rose by 71,000 and the unemployment rate stood at 9.9 percent Continued...
Pound picking up strength
Sterling will gradually strengthen against the dollar over the next 12 months but is unlikely to move much, a Reuters poll shows. Full Article | Related Story

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