bank of england interest rates

Unemployment Rises as Payroll Jobs Fall After Reeves Budget

Unemployment Rises as Payroll Jobs Fall After Reeves Budget

The UK labour market has shifted sharply from the post-Covid hiring boom, with rising unemployment, falling vacancies and declining payroll numbers raising concerns that the jobs market could deteriorate further this year. In the spring and summer of 2022, UK businesses were attempting to recruit around 1.3 million workers, the highest level since records began […]

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Unemployment Rate Rises to 4.7% in UK Amid Signs of Labour Market Strain

Unemployment Rate Rises to 4.7% in UK Amid Signs of Labour Market Strain

Britain’s unemployment rate has climbed to 4.7%, the highest it has been in four years, while workers are also experiencing a continued slowdown in wage growth, according to official data. The Office for National Statistics (ONS) reported that UK unemployment rose by 0.1 percentage points in the three months to May, up from 4.6% in

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