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UK jobs market continues to weaken as unemployment hits four-year high and wage growth slows – business live

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Rolling coverage of the latest economic and financial news

Good morning and welcome to our rolling coverage of business, the financial markets and the world economy.

Jobs reports from from both sides of the Atlantic are in focus to day, as we get our final health check on the labour markets in the UK and the US.

“The overall picture continues to be of a weakening labour market. The number of employees on payroll has fallen again, reflecting subdued hiring activity, while firms told us there were fewer jobs in the latest period.

“This weakness is also reflected in an increase in the unemployment rate, while vacancies remained broadly flat. The fall in payroll numbers and increase in unemployment has been seen particularly among some younger age groups.

7am GMT: UK labour market report

9am GMT: Eurozone flash PMI report for December

9.30am GMT: UK flash PMI report for December.

10am GMT: Eurozone trade balance report for October

1.30pm GMT: US non-farm payroll jobs report for November

1.30pm GMT: US retail sales for October

Continue reading…Rolling coverage of the latest economic and financial newsGood morning and welcome to our rolling coverage of business, the financial markets and the world economy.Jobs reports from from both sides of the Atlantic are in focus to day, as we get our final health check on the labour markets in the UK and the US.“The overall picture continues to be of a weakening labour market. The number of employees on payroll has fallen again, reflecting subdued hiring activity, while firms told us there were fewer jobs in the latest period.
“This weakness is also reflected in an increase in the unemployment rate, while vacancies remained broadly flat. The fall in payroll numbers and increase in unemployment has been seen particularly among some younger age groups.7am GMT: UK labour market report9am GMT: Eurozone flash PMI report for December9.30am GMT: UK flash PMI report for December.10am GMT: Eurozone trade balance report for October1.30pm GMT: US non-farm payroll jobs report for November1.30pm GMT: US retail sales for October Continue reading…