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UK pay growth eased at a slower than expected pace in the fourth quarter and created a bumpy road ahead for an interest rate cut as the Bank of England awaits more signs of easing in the labor market. ....
The UK wage growth softened in the three months to November suggesting that the upward inflationary pressures are cooling, and bolsters the case for interest rate cuts by the Bank of England. ....
The UK wage growth slowed more than expected in three months to October raising expectations that the Bank of England will cut interest rates as early as next June. ....
Latest UK labor market data underscored the softening situation with the number of people in jobs continuing to fall, official data revealed on Tuesday. The unemployment rate was 4. ....
The UK unemployment rate increased unexpectedly in the second quarter, the Office for National Statistics revealed on Tuesday. The jobless rate rose to 4.2 percent in three months to June, while it was forecast to remain unchanged at 4. ....