The UK economy grew unexpectedly in November as the tight job market increased demand for employment services and soccer's World Cup boosted hospitality. Gross domestic product, the broadest measure of economic activity, increased 0.1 per cent from the previous month, the Office for National Statistics said on Friday. That beat the expectations of economists, who had forecast a 0.2 per cent contraction. Despite the better-than-expected figures, the ONS says monthly GDP estimates should be treated with caution because they are more volatile than quarterly data. Economists are waiting for the release of fourth-quarter GDP data next month, which will show whether the British economy shrank from a second consecutive quarter in the three months through December. Two quarters of negative growth is one definition of a recession. November's expansion was driven by a 2 per cent growth in administrative and support activities, with employment services growing 2.1 per cent, the ONS said. ...
India's largest IT firm Tata Consultancy Services (TCS) on Wednesday said it has added over 7,000 employees in the UK, including 1,800 trainees over the past five years.
The claimant count includes both those people who are employed with low income or hours and those who are actually unemployed
Though the jobs figures have remained solid over the past few years of Brexit uncertainty, there are concerns about the coming months
Britain's unemployment rate has tumbled to its lowest level since 1975 at 4.2 per cent