Despite surprise fall in unemployment, weak wage growth and inflation pressures put the squeeze on workers
Despite a surprise fall in the unemployment rate, the latest jobs data show the labour market in a fragile state, even before the Iran war threatened to derail the UK’s nascent economic recovery.
At 4.9% in the three months to February, the unemployment rate was down from 5.2% in the previous three months, according to the Office for National Statistics.
Continue reading…Despite surprise fall in unemployment, weak wage growth and inflation pressures put the squeeze on workersUK unemployment shows surprise fall to 4.9%Business live – latest updatesDespite a surprise fall in the unemployment rate, the latest jobs data show the labour market in a fragile state, even before the Iran war threatened to derail the UK’s nascent economic recovery.At 4.9% in the three months to February, the unemployment rate was down from 5.2% in the previous three months, according to the Office for National Statistics. Continue reading…
