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Britain sees positive signs for job market

07-15-2010 09:37 BJT

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Britain is starting to see signs its economy is slowly recovering. The number of people getting jobs is increasing and the level of unemployment is falling. But, some experts say this may not last long.

The number of people claiming unemployment benefit in Britain has fallen to its lowest level in more than a year - and the jobless rate is down at 7.8 percent.

The number of people in work has also jumped higher than at any time in past four years.

Many of the jobs are part-time but the figures suggest the UK recovery remains on track.

The Office for National Statistics has also reported a slowdown in earnings growth which should reassure the Bank of England that inflation isn't leading to higher salaries.

The pound rose against the dollar and euro after the figures were published.

But analysts are warning the improvement in the labour market is unlikely to last.

The growth outlook is uncertain and half a million public sector jobs are expected to be cut over the next five years as part of government spending cuts.

 

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Editor:Zhang Pengfei |Source: CNTV.CN

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