UK employment level climbed to a record high in the three months to January, while the jobless rate eased to its lowest level since the mid-1970s, as the labor market shrugged off the chaos caused by the uncertainties linked to Brexit.
Employment grew by 222,000 persons to a record 32.71 million in the three months to January, preliminary data from the Office for National Statistics showed on Tuesday. Economists had forecast an increase of 120,000.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.