Jobs market uncertainty causes headache for Bank of England rate setters

Jobs market uncertainty causes headache for Bank of England rate setters

Economics, Office for National Statistics, Economic policy, Bank of England, UK news, Business, Politics, Monetary policy committee Business | The Guardian

​While the overall economic picture looks relatively benign, deep structural problems remainUnemployment falls as wages growth hits lowest in two yearsBusiness live – latest updatesBritain’s labour market is cooling, with annual earnings growth easing markedly and the number of job vacancies falling for a 25th month in a row.Or is it? The number of people in work climbed by almost 100,000 in the three months to June while the jobless rate fell from 4.4% to 4.2%. Continue reading… 

While the overall economic picture looks relatively benign, deep structural problems remain

Unemployment falls as wages growth hits lowest in two yearsBusiness live – latest updates

Britain’s labour market is cooling, with annual earnings growth easing markedly and the number of job vacancies falling for a 25th month in a row.

Or is it? The number of people in work climbed by almost 100,000 in the three months to June while the jobless rate fell from 4.4% to 4.2%.

Continue reading… 

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