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UK UNEMPLOYMENT

U.K. Wage Growth Remains Headache for Bank of England

Tuesday, 11 June 2024 19:57 WIB | Root

Wages in the U.K. continued to grow rapidly in the three months to April, a concern for the Bank of England as it prepares for a policy meeting next week. Average earnings, excluding bonuses, between February and April were 6.0% higher than a year earlier, the same as in the first quarter of this...

UK Unemployment Rate Climbs to 4.2% in Quarter to February vs. 4.0% Expected

Tuesday, 16 April 2024 20:07 WIB | Root

The United Kingdom’s (UK) ILO Unemployment Rate came in at 4.2% in the three months to February, rising from 3.9% in the previous period, data published by the Office for National Statistics (ONS) showed Tuesday. The reading missed the market expectations of a 4.0% print. Additional details of...

UK Unemployment Rate Rises to 3.9% in Quarter to January vs. 3.8% Expected

Tuesday, 12 March 2024 21:02 WIB | Root

The United Kingdom’s (UK) ILO Unemployment Rate rose to 3.9% in three months to January, a tad higher than the 3.8% in December, data published by the Office for National Statistics (ONS) showed Tuesday. The market expectations were for a 3.8% print in the reported period. Additional details of...

UK Jobless Figures Hold Steady, But Wage Growth Cools

Tuesday, 14 November 2023 21:02 WIB | Root

The U.K.'s jobless rate stayed steady in the three months to September, though average wage growth eased a little, a boost for the Bank of England's efforts to bring down still-high price inflation. The unemployment rate stood at 4.2% in the three-month period, unchanged from the previous period,...

UK Unemployment Rate Edges Lower to 4.2% in Quarter to August vs. 4.3% Expected

Tuesday, 24 October 2023 20:00 WIB | Root

The United Kingdom’s (UK) ILO Unemployment Rate dropped slightly to 4.2% in the quarter to August, as against a 4.3% reading reported in the three months to July, according to the official data published by the Office for National Statistics (ONS) on Tuesday. The market consensus was a 4.3% print...

UK Unemployment Edges Up but Pay Growth Beats Forecasts

Tuesday, 18 April 2023 21:18 WIB | Root

Britain's unemployment rate rose unexpectedly in the three months to February but pay growth stayed higher than forecast, highlighting the dilemma for the Bank of England (BoE) as it judges whether to raise interest rates further. The Office for National Statistics said the unemployment rate rose...

UK Unemployment Rate Drops Unexpectedly to Lowest Since 1974

Tuesday, 11 October 2022 20:18 WIB | Root

UK unemployment fell unexpectedly to the lowest since 1974 as people dropped out of the workforce at a record rate. The government said 3.5% of adults were looking for work in the three months through August, down from 3.6% the month before and a rate last lower in 1974. Economists had expected...