Unemployment Figures at Seven Year Low

The video discusses the economic recovery in the UK, highlighting EasyJet's trainee program as part of a broader trend of decreasing unemployment and rising wages. It notes the potential for increased interest rates due to low unemployment levels. However, it also addresses challenges in specific industries, such as the closure of steelworks in Redcar, and the impact of the global economic slowdown on local economies.

What is one of the key indicators of Britain's economic recovery mentioned in the video?

• Growth in technology sector

• Increase in tourism

• Rise in exports

• Decrease in unemployment

How much are wages rising annually, according to the video?

• 1%

• 2%

• 3%

• 4%

What action might the Bank of England consider due to low unemployment levels?

• Lowering taxes

• Increasing interest rates

• Reducing government spending

• Introducing new currency

Which industry is highlighted as facing significant job losses?

• Pharmaceutical

• Automobile

• Textile

• Steelworks

What global economic trend is affecting metal prices?

• Emerging economies slumping

• Increase in demand

• Emerging economies booming

• Stable global markets