Current Events 2

http://www.bbc.com/news/business-38661443

In the past three months, UK unemployment has fallen by 52,00 people to 1.6 million or 4.8%. This is apparently the lowest that that the UK has had in eleven years, marking growth in the UK job market. Declining unemployment rates has been a growing trend over the past two years. Although this is a great improvement from recent years, in comparison to ten or twenty years ago, these rates are still at a historic high. Economists are unsure how the recent Brexit vote affect the unemployment rate as they transition out of the EU, though many are citing that it will be affected negatively. I’m glad that the UK is gradually improving their employment rates, much like how the US has been on a gradual increase. It’s important that our allies are doing well financially in order to properly work together in the future.