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

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

The ONS said the change was driven by an increase in people classified as long-term sick as well as students leaving the jobs market.

The BoE raised borrowing costs by the most since 1995 last month and said it remained ready to act forcefully if that pressure became more persistent. It is expected to raise interest rates again on September 22nd.Figures due to be published on Wednesday are expected to show Britain's consumer prices index rose by 10.2% in the 12 months to August, according to the economists polled by Reuters.

 

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