UK job losses accelerated in May by over 50,000 – the most since February 2021 while pay growth rose. The Bank of England meets next week to set interest rates
EUR/USD IG Client Sentiment: Our data shows traders are now net-long EUR/USD for the first time since May 30, 2024 13:00 GMT when EUR/USD traded near 1.08.IG Client Sentiment Update: Our data shows the vast majority of traders in EUR/GBP are long at 79.24%, while traders in EUR/JPY ar...Average earnings inclusive of bonuses rose to 5.9% from 5.7%The UK job market showed further signs of vulnerability after May witnessed the highest claimant count since February 2021.
Average weekly earnings in April rose to 5.9%, proving a sticky data point for the Bank of England to contemplate ahead of next weeks policy setting meeting. However, the Bank has previously expressed it is no longer looking at earnings data as a major contributing factor to inflation pressures, meaning the overall decline in broader measures of inflation are likely to point the Monetary Policy Committee towards an eventual rate cut towards the latter stages of the year.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
22 jobs artificial general intelligence (AGI) may replace — and 10 jobs it could createArtificial Intelligence (AI) is set to improve the world for many — but others may lose out.
Read more »
May 2024 jobs report: How many new jobs added and what it means for the economyRob Wile is a breaking business news reporter for NBC News Digital.
Read more »
Jobs report shows added jobs, higher wages in May; Unemployment edges up to 4%Emily Hanford-Ostmann is an Emmy-nominated producer and graduate of the E.W. Scripps School of Journalism at Ohio University.
Read more »
Cutting Jobs, Closing Campuses and Raising Pay: North Texas School Districts StruggleDecreasing enrollment rates across North Texas are driving districts to close school campuses.
Read more »
Top summer jobs for teens and how much they payTeens have various summer job options, from camp counselor to lifeguard, with opportunities to earn significant wages, as employers plan to add 1.3 million jobs for teenagers this season, according to financial experts.
Read more »
Here are some of the best summer jobs for teens and the payTeens around the country will soon be finishing school for the year and looking for ways they can pass their time during the summer. One way could be getting a summer job.
Read more »