Pace of decline in UK jobs market slowed in June

London

The pace of decline in Britain’s labour market slowed in June, official data showed on Thursday although the figures did not include a recent slew of job losses. Early indicators suggested that the number of employees on companies’ payrolls was down by 649,000 between March and June with the largest falls at the start of the pandemic, Reuters reported. Britain’s unemployment rate unexpectedly held at 3.9 percent in the three months to May. A Reuters poll of economists pointed to a rise in the unemployment rate to 4.2 percent.