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.
Employment rose by 182,000 in July, according to PAYE data, after a vastly-downwardly revised 193,000 in July (originally reported as +356,000), the Office for National Statistics said Tuesday. LFS data, which includes a wider range of workers and targets a different period, rose by a more modest 95,000 in Q2, but that was enough to push the unemployment rate down to 4.7% from 4.8% in the three months to May.
But vacancy data suggest a mismatch in worker skills and job requirements, with vacancies rising by 290,000 in the three months to July (compared with the three months to April), lifting vacancies to a record high 953,000, above the pre-pandemic level. Between June and July, vacancies increased by 50,000 to a record 1.034 million. The inactivity rate, which has been a bit sticky over the previous months of strong job creation, declined to 21.1% from 21.3% in the three months to May, while the employment rate rose to 75.1% in Q2 from 74.8% between March and May.
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.