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.

Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.

It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Asian stocks mixed before more rate cues, Japan dips on strong wage dataAsian stocks mixed before more rate cues, Japan dips on strong wage data
Source: Investingcom - 🏆 450. / 53 Read more »

Market backs off on hopes for interest rate cuts following strong jobs reportThe data at the very least add to the narrative that the Fed doesn't have to be in a rush to lower interest rates.
Source: CNBC - 🏆 12. / 72 Read more »

Wall Street stocks close slightly lower; jobs data strong but rates still highWall Street stocks close slightly lower; jobs data strong but rates still high
Source: Investingcom - 🏆 450. / 53 Read more »