Wage growth and jobless rate rising, official figures show
- Wage growth in the UK has surged, with basic pay rising by 5.6% in the three months to November, according to the Office for National Statistics .
- The unemployment rate increased to 4.4%, up from 4.3%, indicating a mixed employment landscape, as reported by the ONS.
- Real wages rose by 3.4% after adjusting for inflation, reflecting strong private sector pay growth, according to the ONS.
- The Bank of England is expected to cut interest rates from 4.75% to 4.5% in February, as inflation unexpectedly fell last month.
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Total News Sources0
Leaning Left6Leaning Right9Center3Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 33%
C 17%
R 50%
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