Jobs market uncertainty causes headache for Bank of England rate setters

Jobs market uncertainty causes headache for Bank of England rate setters
By: The Guardian Posted On: August 13, 2024 View: 18

While the overall economic picture looks relatively benign, deep structural problems remainUnemployment falls as wages growth hits lowest in two yearsBusiness live – latest updatesBritain’s labour market is cooling, with annual earnings growth easing markedly and the number of job vacancies falling for a 25th month in a row.Or is it? The number of people in work climbed by almost 100,000 in the three months to June while the jobless rate fell from 4.4% to 4.2%. Continue reading...

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