Stocks higher after UK jobs data

Stocks higher after UK jobs data

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UK and European stocks are higher this morning following data from the UK Office for National Statistics which showed the rate of unemployment fell to 4.8% in the first quarter, the largest quarterly decrease since 2015. The number of employees on payroll rose strongly by 97,000 between March and April.

Investors are weighing the easing of lockdown restrictions and pace of global economic recovery against inflation concerns and the rising number of coronavirus cases of the Indian variant. The U.K. government has urged caution and the World Health Organization warned Monday that the global pandemic isn’t over yet.

 

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