Unemployment down – and interest rates on hold

Unemployment has dropped in Portsmouth – and nationally – in a fresh boost for the economy.
The Portsmouth News says that the number of people claiming unemployment benefits in the city is down on a month ago and on a year ago.
Based on monthly figures from the Office for National Statistics, the report shows 1,985 people in Portsmouth were claiming out-of-work-benefits in December, down from 1,993 in November.
Nationally, the UK unemployment rate fell to its lowest rate in more than a decade at 5.1% in the three months to November – its lowest since the three months to October 2005.
The number of people out of work fell by 99,000 to 1.68 million in the three-month period.
The figures come a day after Bank of England governor Mark Carney downplayed the chances of an early rise in interest rates this year because of international economic uncertainty fuelled by the China slowdown and oil price slump.
Experts believe his comments indicate that a rate rise is unlikely until 2017.
Read more on the Portsmouth News website at www.portsmouth.co.uk/news/future-looking-positive-as-unemployment-figures-fall-in-city-1-7171041
You can also visit the BBC website at www.bbc.co.uk/news/business-35351217 for more details.

Unemployment has dropped in Portsmouth – and nationally – in a fresh boost for the economy. The Portsmouth News says…

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