LONDON – A deteriorating labor market in the United Kingdom has intensified speculation that the Bank of England may soon ease monetary policy by cutting interest rates. Recent data showing rising unemployment and softer wage growth have raised concerns about economic stability, fueling investor expectations that the central bank could pivot from its previous tightening stance to support a slowing economy. Analysts and market participants are closely watching upcoming economic indicators for further signs that the UK’s job market weakness will prompt a shift in the Bank of England’s policy outlook.
UK Labour Market Deteriorates Amid Rising Unemployment and Slowing Wage Growth
The latest figures reveal a notable slowdown in the UK labour market, with unemployment edging higher and wage growth flattening at a time when economic pressures continue to mount. Analysts highlight that the rise in joblessness is mainly concentrated in sectors vulnerable to inflationary pressures and…
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Author : Charlotte Adams
Publish date : 2025-11-12 07:53:00
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