Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
The UK unemployment rose in the three months to March and overall vacancies fell again to the lowest level since August 2021, data released Tuesday by the Office for National Statistics showed. Unemployment rose to 3.9%, despite the employment level of 16 to 64 year olds edging up to 75.9%.
Although still well above pre-pandemic levels, closely watched overall vacancies in the economy fell to 1.083 million. The more timely HMRC payrolls data saw the number of employed people fall by 136,000 in the April.
“The number of people on employers’ payrolls fell in April for the first time in over two years, though this is an early estimate that could be revised later," ONS director of economic statistics Darren Morgan said.
With modest growth in nominal wages again seen, Bank of England policymakers will see the data as further evidence that the labour market is cooling, but perhaps at a slower pace than they would like.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.