Nov-Jan Employment Soars; Employment Rate...>

UK DATA: Nov-Jan Employment Soars; Employment Rate Falls to 3.9%

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Britain's sizzling jobs market got even hotter at the start of the 

year, with employment jumping by a much-higher-than-expected 222,000 in 

the three months to January, the biggest increase since the three months 

to November of 2015. Employment has not declined on a three-month basis 

since Aug-Oct of 2017.  The unemployment rate declined to 3.9% from 4.0% 

in the fourth quarter, in line with Bank of England forecasts. The 

employment rate jumped by 0.4 percentage points to a record-high 76.1%, 

while the inactivity rate declined to a record-low 20.7%. The jobless 

rate retreated to 3.9% in the month of January, nearly reversing a jump 

to 4.1% in the final month of 2019.