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Real estate sector helps decrease in UK unemployment
Posted on Sep 20, 2013

Real estate sector helps decrease in UK unemployment

The latest figures from the Office for National Statistics show that the UK has edged closer to its unemployment targets. The number of people out of work stood at 2.49 million between May and July, down by 24,000 on the previous quarter, with the real estate sector contributing wards this swing.

In total there were 334,000 new jobs created in the year to June, the ONS said. With the housing market showing signs of an upturn, there was a 77,000 rise in the number of people employed in ‘real estate activities.’

The manufacturing sector saw its strongest growth in activity for two and a half years in August, and the UK service sector grew at its fastest pace in six years in the same month.


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