MNI China Daily Summary: Thursday, April 22

MNI BRIEF: China To Quicken Resolving Local Debt Risks

RPT-MNI INTERVIEW: ECB's Wunsch Sees At Least Two Cuts By Dec

MNI BRIEF: Brazil CenBank Faces Greater Uncertainty - Campos

MNI: PBOC Conducts CNY2 Bln Via OMO Mon; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS MON

EZ/UK T-Bill Calendar: 3/6-Month ATB Auction on Tuesday

EZ/UK Bond Supply Calendar: EU, FI Synds; IT, DE Auctions Tues

MNI: CANADA MAR INDUSTRIAL PRICES +0.8% MOM; EX-ENERGY +0.8%

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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MNI BRIEF: UK Jobs Market Buoyant As Unemployment Rate Falls

(MNI) LONDON
(MNI) London

The UK jobless rate fell to 3.8% in the December to February period, matching its lowest level since the fourth quarter of 2019. The rate, in line with analysts expectations, has not been lower since 1974. The decline came despite a smaller-than-forecast 10,000 rise in LFS employment; analysts had been expected a 52,000 increase.

The employment rate actually fell to 75.5% from 75.6% in the November to January period, while the inactivity rate increased to 21.4% from 21.3% previously.

The rising inactivity rate is largely due to increasing long-term sickness and retirement. Vacancies rose by 50,000 in the three months to March over the three months to December, hitting a record-high 1.288 million. That’s the lowest increase since the three months to April 2021.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
DataPolicy NewsData StoriesData BriefCEEMEABank Of England (BOE) Market NewsBriefUKStoryRegion
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
DataPolicy NewsData StoriesData BriefCEEMEABank Of England (BOE) Market NewsBriefUKStoryRegion
True

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