UK jobless rate hits 48-year low as people quit labour market

The Office for National Statistics said the number of people in employment grew by 40,000 in the May-July period, less than a third of the increase expected by the economists polled by Reuters.The economic inactivity rate - measuring the share of the population who are not in work and not looking for work - increased by 0.4 percentage points on the quarter to 21.7%, its highest since the three months to January 2017.

The BoE is worried about increasing inactivity in the labour market as it could help to fuel inflation pressures due to a lack of candidates to fill jobs. There were other signs of price pressures in the labour market in the ONS figures published on Tuesday.

Is compensation and benefits as dog shit there as they are in the US?

Check the long Covid stats

Bolsonaro is lying to the world, betraying USA and Europe. Do not put your Money in Brasil. Do not buy Agricultural products from Brazil. It has pesticide in very high and dangerous levels.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cramer Thinks the Mid-June Market Bottom Will Hold Despite the Many Troubles Facing StocksCNBC’s Jim Cramer said Monday he believes the stock market low of mid-June will hold as the bottom in this terrible year of selling.
Source: nbcsandiego - 🏆 524. / 51 Read more »