Published On: Tue, Apr 17th, 2018

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


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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