The UK’s unemployment rate increased to 5.1 percent in the three months to October, reaching its highest level since January 2021. The uptick, reported by the Office for National Statistics,
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Unemployment in the United Kingdom has reached its highest rate since the third national pandemic lockdown, according to recently released official data. Figures from the Office for National Statistics revealed
Interest rates in the United Kingdom could be poised for a further drop as inflation is predicted to retreat to the Bank of England’s 2 per cent benchmark, according to
Official figures released by the Office for National Statistics indicate signs of growing softness in the UK labour market. August saw a reduction of 8,000 in monthly payroll numbers, pushing
Rachel Reeves has acknowledged there is “more to do” on employment after fresh data revealed a slowdown in wage growth and a drop in payroll numbers in the latest quarter.
The United Kingdom’s unemployment rate has climbed to 4.6% in the three months to April, marking the highest level since July 2021. Official figures from HM Revenue and Customs (HMRC)
British workers experienced the most rapid real wage expansion in more than three years during the last quarter of 2023, raising concerns about persistent inflation potentially hampering significant interest rate
The UK labour market has presented a mixed picture in the second quarter of the year, with the unemployment rate unexpectedly falling and wage growth slipping to a two-year low.
The Bank of England should exercise caution when considering lowering interest rates too quickly, according to Catherine Mann, a member of the Bank’s Monetary Policy Committee (MPC). In an appearance
