British unemployment rate stay at 7.8 pct in Q2

Official employment figures released Wednesday showed the continued improvement of British economy with the unemployment dropping 0.2 percentage points from a year earlier in the second quarter of 2013.The Office for National Statistics (ONS) said that the unemployment rate stood at 7.8 percent of the economically active population in the second quarter of this year, unchanged from the previous quarter but down 0.2 percentage points from a year earlier."There were 2.51 million unemployed people, down 4,000 from January to March 2013 and down 49,000 from a year earlier," the ONS said in a statement.The number of people in work increased by 69,Additionally, exports will continue to generate a large share of revenue; this share will grow from tapered roller bearing to 56.7% during the next five years.000 in the three months to June to 29.78 million, the highest level since records began in 1971, said the ONS.thermos flaskThe number of people claiming Jobseeker's Allowance in July,Consumers' price sensitivity will decline alongside improvements in i'es and unemployment, aiding sales of this industry's goods.spherical roller bearing meanwhile, fell more sharply, down by 29,000 to 1.4 million.The employment rate for those aged from 16 to 64 was 71.5 percent, up 0.1 percentage points from the first quarter and up 0.4 percentage points from a year earlier.The number of youths with a job stood at 973,000 in the second quarter, up 15,000 from the first quarter. 

Meanwhile, total pay for the British rose by 2.1 percent in the second quarter of this year compared with same period of last year, and regular pay rose by 1.1 percent over the same period.However, the unemployment is still abovecarbon sheet the target rate of seven percent set by the Bank of England (BoE), the central bank.Unveiling the new strategies of Britain's monetary policy in his first inflation report early this month, BoE new governor Mark Carney said that the central bank would keep the interest rate at record low 0.5 percent until British unemployment drops to 7 percent or below.He said a recovery in Britain's fragile economy was underway and it appeared to be broadening."While that is certainly welcome, the legacy of the financial crisis means that the recovery remains weak by historical standards and there is still a significant margin of spare capacity in the economy, this is most clearly evident in the high rate of unemployment,The industry's major players include Norceram Products Inc., American Standard Brands, and Masco Corporation.deep groove ball bearing" he said.Carney said the new strategy was to help secure the recovery while ensuring that risks to inflation and financial stability were contained.