UK jobs market softens, despite strong wage growth

-Britain's labour market showed more signs of cooling in April as the unemployment rate rose, despite another month of strong wage growth, official data showed on Tuesday.

The unemployment rate for the three months to April rose to 4.4% from 4.3% between January and March, the highest reading since the three months to September 2021, the Office for National Statistics said."This month's figures continue to show signs that the labour market may be cooling, with the number of vacancies still falling and unemployment rising, though earnings growth remains relatively strong," the ONS said.

British wages excluding bonuses - which are being watched by the Bank of England as it considers when to cut interest rates - grew by 6.0% in the three months to the end of April compared with the same period a year earlier.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

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