at some of the figures in more detail and figure out what is going with the director of the migration 0bservatory at oxford university which analyses uk migration data. thanks very much for having me. the first question is, what do you make of these figures? 606,000 is the net migration figure of people coming into the country, did you predict that? was it going to be about where we would land? always difficult to predict figures because so many different things affect them but it was clear that it was going to be a higher number and it is. for context, if you look back to 20105 net migration would be in the range of 25,0000 and sometimes 300 or a little bit more so this is significantly higher and the measurement is not exactly the same, but we can tell that these are high numbers by historical standards.
guarantee, so no one has paid more than that. you could pay more than that if you use more gas and electric, thatjust caps the unit price. also prices have come down sharply, they peaked in august last year. down now to 70p, said this work the latest cup, is reflecting the fall. remember, it is high by historical standards. when the price cap started, bills were just over £1000, so even with this, it would almost be double the price. family still struggling with the rise of other bills and food prices. phillip schofield has stepped back from itv s flagship morning show this morning having presented his last episode
jobs added in march and indication that the labor market might be cooling off and perhaps a sign those high prices hitting your wallet will start to come down. cnn s rachel solomon is here in brazil. does this mean all those rate hikes by the federal reserve are achieving what they want them to take? it definitely seems like the medicine is starting to work, at least on the labor side of things. so 236, which was just slightly cooler than economists were expecting. i can show you and put that in context over the last year, you can see certainly lighter than we ve seen over the last year or so by historical standards, however. still strong, right? what we like to see also encouraging here, jake . we saw almost half a million people come off the sidelines and actually joined the workforce right labor force participation that increased slightly. so that has to be good news for the fed getting some help on the supply side of things, the unemployment rate, which you re looking at here that
opening spell. 278,000 healthcare fell 150,000, transportation, warehousing and utilities also falling. so to put this all in context, 9.9 job openings lower than we have seen certainly in about two years. still higher, however, than before the pandemic. we can show you before the pandemic. we were closer to 7.2 million job openings so still elevated by historical standards, but certainly declining, right. so what does this mean for jobseekers? well, if you were looking for a job, the labor market is certainly cooling. so keep that in mind plan accordingly, it might be harder to get a job as the months go on. if you were the fed. it certainly means that maybe all of these interest rate hikes are starting to work major week for the labor market. i should say we get some important data and just about 45 minutes from adp that ll tell us about private employers. and then friday, guys it s the biggie. we get the jobs report and that will tell us a bit more to yeah, we ll be watching. thanks
travel to work, to school is going to be interrupted. also, deliveries to companies, industrial companies, are going to be interrupted. many of the states allow travel by lorry on sunday so hopefully the disruption to production process might be too large but it will have a big impact today on economic activity.- it will have a big impact today on economic activity. yeah, and the structure on economic activity. yeah, and the structure about on economic activity. yeah, and the structure about pay, - the structure about pay, workers demanding higher wages to cope with inflation. just explain what inflation is looking like there and what wages are doing to try and keep up. wages are doing to try and keep u -. ~ wages are doing to try and keep u . ~ ., wages are doing to try and keep u . . ., ., wages are doing to try and keep u -. ~ ., ., ., up. indeed. we are more worried about the outcome up. indeed. we are more worried about the outcome of up. indeed. we are more worried ab