Unemployment rises as pay growth slows again

Quick Summary:

The rate of unemployment stood at 4.3% in the three months to September, up from 4% the previous quarter.

Other economists have said they do not believe the latest figures from the ONS would spur the Bank to opt for another rate cut in December.

While wage growth has eased, pay is still rising faster than inflation, which measures the rate of price increases.

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Article Details

Category: Business

Markets: United Kingdom

Topics: Wage Labour Latest Year National Bank Rate Data Inflation Figures

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 09:59:57 (1 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 774 words

Reading Time: 5 minutes read

Sentences: 33 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © BBC Business

News ID: 23550442

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