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Britain creating jobs faster than US: Report
Monday October 22, 2012 04:43:15 PM,
IANS
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London: Britain is
creating jobs at a faster rate than the US, the latest government
figures show.
The number of those in work has risen by 1.75 percent, or 510,000
jobs, in 2011 to 29.59 million - the highest since records began
in 1971, the national statistics office said.
That increase outpaced the 1.37 percent gain in employment
registered in the US, the Daily Mail reported Monday.
It also shows that Britain's economic situation is far better than
troubled eurozone nations such as Spain and Greece, where 25
percent of the population is unemployed.
However, 1.4 million are working part-time but would like a
full-time job, the Mail said.
Gross domestic product figures due Thursday are likely to show the
economy has grown by between 0.4 and 0.8 percent.
Experts' estimates of growth in July, August and September range
from zero to one percent, with an average of 0.6 percent.
Consumer confidence has risen but there are fears over prices in
2013, when higher energy bills threaten to push up inflation, a
survey by business advisers Deloitte found, according to the
newspaper.
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