WATCH: The number of employed people in Britain rose unexpectedly in the three months before the missed Oct. 31 deadline for Brexit, according to data that suggests the labor market was retaining some of its strength
LONDON - The number of people in work in Britain unexpectedly rose in the three months before the missed Oct. 31 deadline for Brexit, according to data which suggests the labour market was retaining some of its strength.
“The larger-than-expected rise in employment in October suggests the labour market is not getting any worse and may have even started to turn around,” said Andrew Wishart at Capital Economics. Britain’s labour market has stayed strong even as the economy slowed following the 2016 referendum vote to leave the European Union. That is due in part to employers, who are uncertain about what Brexit will bring, hiring staff who can be laid off easily rather than making longer-term commitments to invest in equipment.
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