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UK wage growth slows as jobs market cools; Jaguar Land Rover production shutdown extended until next week – business live

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UK unemployment rate remains at a four-year high, while JLR production shutdown will last until 24 September, company says

The UK’s new Work and Pensions Secretary, Pat McFadden, has spotted some bright spots in today’s labour market reports.

He points to a drop in the economic inactivity rate (people neither in work nor looking for a job), which dipped by 0.02 percentage points over the last quarter to 21.1%.

“Today’s figures show signs of progress with economic inactivity and redundancies continuing to fall.

“But we must futureproof our workforce by giving people the opportunities and skills they need to secure the jobs of tomorrow.

“[It has put] even more pressure on already stretched public services and leaving businesses scrambling just to keep the lights on.”

We have taken this decision as our forensic investigation of the cyber incident continues, and as we consider the different stages of the controlled restart of our global operations, which will take time.

We are very sorry for the continued disruption this incident is causing and we will continue to update as the investigation progresses.

Continue reading…UK unemployment rate remains at a four-year high, while JLR production shutdown will last until 24 September, company saysThe UK’s new Work and Pensions Secretary, Pat McFadden, has spotted some bright spots in today’s labour market reports.He points to a drop in the economic inactivity rate (people neither in work nor looking for a job), which dipped by 0.02 percentage points over the last quarter to 21.1%.“Today’s figures show signs of progress with economic inactivity and redundancies continuing to fall.“But we must futureproof our workforce by giving people the opportunities and skills they need to secure the jobs of tomorrow.“[It has put] even more pressure on already stretched public services and leaving businesses scrambling just to keep the lights on.”We have taken this decision as our forensic investigation of the cyber incident continues, and as we consider the different stages of the controlled restart of our global operations, which will take time.We are very sorry for the continued disruption this incident is causing and we will continue to update as the investigation progresses. Continue reading…