Published On: Tue, Apr 17th, 2018

UK’s Hammond expects record high employment to help boost UK productivity

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UK finance minister Philip Hammond speaks in parliament

Although the highlight of the UK labour market report earlier was the poorer than expected wage growth, the employment rate rose to 75.4% – a record high. This comes as the unemployment rate falls to 4.2%, the lowest since 1975.

However, Hammond mentions that 2017 productivity gains should be treated with caution.

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