The UK’s economy appears to be rebounding with unemployment reaching a five year low and the FTSE 100 nearing a 14 year high.
The Office of National Statistics (ONS) has said that the unemployment rate for the first quarter of 2014 was 6.8%, down from 7.2% form the previous quarter, with the majority of the increase in employment coming from a rise in the number of people reporting as self-employed.
Pay including bonuses for employees in Great Britain for January to march 2014 also increased by 1.7% over the same period last year, with pay excluding bonuses 1.3% higher.
As more people have found work, the FTSE 100 index steadied at 6,878.49, near a 14-year high, at the close on Wednesday, touching its highest level since December 1999 earlier in the session, according to Reuters.
