UK jobs boom cools ahead of Brexit as employment falls by most in over four years
LONDON - Britain’s jobs boom has weakened in the approach to Brexit with the number of people in work unexpectedly falling by the most in over four years and unemployment rising, official data showed on Tuesday.
“Challenging economic conditions are starting to take the shine off the UK’s job boom,” Tej Parikh, chief economist at the Institute of Directors, an employers group, said. A survey published separately on Tuesday by Britain’s main auto industry group showed jobs cuts at one in three firms in the sector, which risks being a big loser from Brexit. That was up from one in eight just under a year ago.
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