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Added on the 15/07/2015 16:01:32 - Copyright : Reuters EN
Britain's unemployment rate has fallen to its lowest level since early 2008. But as Ciara lee reports, earnings grew more slowly than expected, showing why the Bank of England is in no hurry to raise interest rates.
The number of people claiming unemployment benefit in Britain unexpectedly fell in July despite the shock decision by voters to leave the European Union. As Julian Satterthwaite reports, it suggests there’s been little immediate impact from Brexit on the labour market.
UK unemployment was at an eleven-year low in May, according to official readings - but a new survey taken since Britain's Brexit vote shows the outlook among UK householders is tumbling. Kate King reports.
The Fed predicts a 5.2 percent rate of inflation, as measured by the personal consumption expenditures price index, before falling rapidly to 2.6 percent next year and 2.2 percent in 2024, Chair Jerome Powell says during a press conference. SOUNDBITE
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