Positive prospects: UK unemployment hits its lowest point since 2008Contributor Dr. David Stubbs
The UK labour market continues to perform well, according to the report released today. The basic story of employment rising and unemployment falling continues. There were 31.12 million people in work, 140,000 more than for March to May 2015, and 359,000 more than for a year earlier. This drove the employment rate (the proportion of people aged from 16 to 64 who were in work) up to 73.6% - the highest since comparable records began in 1971. It also helped the unemployment rate fall to 5.4% - lower than for March to May 2015 (5.6%), and for a year earlier (6.0%). In fact, unemployment has not been lower since March to May of 2008.
Our innovative UK Equity Core Fund’s low cost, low active risk approach aims to produce consistent returns from the UK stock market by taking many small active stock positions, while reducing risk at the sector level.
Refresh your UK equity portfolio
Our UK equity range offers a wide choice of objectives and strategies, all based on our behavioural finance process.
Please be aware that this material is for information purposes only. Any forecasts, figures, opinions, statements of financial market trends or investment techniques and strategies expressed are, unless otherwise stated, J.P. Morgan Asset Management’s own at the date of this document. They are considered to be reliable at the time of writing, may not necessarily be all-inclusive and are not guaranteed as to accuracy. They may be subject to change without reference or notification to you. JPMorgan Asset Management Marketing Limited accepts no legal responsibility or liability for any matter or opinion expressed in this material.
The value of investments and the income from them can fall as well as rise and investors may not get back the full amount invested. Past performance is not a guide to the future.