Free Trial

MNI BRIEF: UK Labour Market Slows Ahead Of BOE Meet

Unemployment at 4.4%, vacancies fall and wages growth slows ahead of August BOE decision.

MNI (LONDON) - The UK labour market continues to slow, with the number of vacancies still falling and unemployment rising, the Office for National Statistics said Thursday. Earnings growth remains relatively strong although lower than a few months ago, rising 5.7% year-on-year over the last three months. 

The UK unemployment rate was estimated at 4.4% in March to May 2024, above estimates of a year ago, an increase across the latest quarter. 

Keep reading...Show less
123 words

To read the full story

Close

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.

MNI (LONDON) - The UK labour market continues to slow, with the number of vacancies still falling and unemployment rising, the Office for National Statistics said Thursday. Earnings growth remains relatively strong although lower than a few months ago, rising 5.7% year-on-year over the last three months. 

The UK unemployment rate was estimated at 4.4% in March to May 2024, above estimates of a year ago, an increase across the latest quarter. 

Keep reading...Show less