Thats down from 3. 9 in the three months to november. It marked the lowest level seen since the November 2022 to january 2023 period. Wage growth slowed again in the britishjobs market. But and this is key it is still outpacing price rises, according to the office for national statistics. Lets hear now from michael stull, director at manpowergroup uk. Michael, what are you expecting to see a little later on . Im always very excited for when the numbers come out. Im expecting a couple of things, one is i do think unemployment will take up a little bit, as you mentioned wage growth is going to slow. We will see vacancies down and underlying all of that in the Labour Market we have two bosses, a cold and hot going on. On the cold and hot going on. On the cold side we have sent a dropping, weve seen hiring slowing down and we are not out of the woods. We are blue business and consumer confidence. Manufacturing pmi is a very low, big into caters. 0n the hot side we see a lot of hiring going
germany s public transport network will be at a near stand still today as two of the country s largest unions strike in an ongoing dispute over pay. workers walked out shortly after midnight for 2h hours. two of the country s largest unions which are demanding significant pay rises for their workers want to increase the pressure on employers ahead of another round of negotiations. there ll be all but no trains, planes or ferries in operation after workers walked out, and motorists have been warned that staff who maintain motorways and repair road damage after accidents are also on strike. damage after accidents let s are also on strike. talk about the impact of all let s talk about the impact of all of this. joining me now is christian schulz, deputy chief european economist at citi. they seem huge. what sort of impact will the strikes today across germany? impact will the strikes today across germany? well, good morning- across germany? well, good morning. everything
job vacancies in the uk have fallen for the eighth time in a row as companies blamed economic pressures for holding back on hiring new staff, according to official figures. joining me now is michael stull, director at manpowergroup uk, a global employment firm. michael, welcome to you. thanks very much things are. tell us about the skill shortage is where it lays. about the skill shortage is where it lays. certainly. so, when you where it lays. certainly. so, when you look where it lays. certainly. so, when you look at where it lays. certainly. so, when you look at the - when you look at the manpowergroup survey use the a out of ten employers really struggling to find the skills they need, and when you think about that and put it back into the context of where we were pre pandemic, which was a very tight labour market, we were looking at half of that number, and, so, you can see that this is really one of our biggest imperatives business imperatives business imperatives busi
one reason for the fall in the unemployment rate is a rise in the number of people who are no longer looking for work, and so not counted in the figure. they are called in active stop. chris gray is director of manpowergroup uk. the unemployment number for august, what are we likely to see? , ., ., ., , see? good morning, it is pointing see? good morning, it is pointing to see? good morning, it is pointing to a see? good morning, it is pointing to a loosening l see? good morning, it is- pointing to a loosening labour market, but it s still quite tight, my anticipation of the unemployment number is that it will probably remain about the same and go up a little bit as you mentioned earlier, we are expecting a downward trend on vacancies, real pay will still continue to be squeezed, what s interesting with the real pay period, which runs from in this