UK unemployment rises and wages growth falls in recession

UK unemployment rises and wages growth falls in recession

Employers cut back on hiring new staff in three months to January as slowdown bites

Analysis: UK’s weak economy is taking a toll on its labour marketBusiness live – latest updates

Unemployment rose and wage growth slowed in the three months to January as the UK labour market showed signs of weakness, reflecting a broader slowdown in the economy.

The unemployment rate rose unexpectedly to 3.9 in January from 3.8% in December according to the Office for National Statistics, while annual average wages growth including bonuses fell to 5.6% from 5.8% in the previous month.

Continue reading…

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments