Category: UK unemployment and employment statistics

‘People’s futures on the line’ amid surge in youth unemployment, unions warn

Statistics show 16- to 24-year-olds out of work at highest level since pandemic, a rise of almost 50% in two yearsYouth unemployment has risen to a post-pandemic high as unions warned that “young people’s futures are...

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UK unemployment rises to 4.3% as jobs market cools, but real wages are growing again – business live

Rolling coverage of the latest economic and financial news, as total pay jumps by 8.5% in the last year – ahead of inflationThe Institute of Directors are urging the Bank of England to stop raising interest rates, saying...

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Rising mortgage rates will cause ‘financial stress’, MPs hear, as two-year fixed rates hit 15-year high – business live

Treasury Committee quiz lenders about mortgage rates, as two-year fixed mortgage rate rises to 6.66%, highest since 2008Full story: UK two-year fixed mortgage rates hit highest level since 2008Full story: Record UK pay growth...

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UK borrowing costs soar above levels of Liz Truss premiership

Stronger than expected job and pay data makes interest rate rise more likely, driving up two-year bond yieldsAnalysis: Don’t rule out half-point interest rate riseBusiness live – latest updatesUK government borrowing...

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UK public sector wages rise by 2.7% in a year as strikes loom

Real pay for all workers lags behind inflation by 2.7%, piling on pressure amid cost of living crisisBusiness live: latest updatesUK public sector wages increased by just 2.7% in the year to October, according to official...

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Bank of England widens bond purchases to battle dysfunctional markets; real wages fall again – business live

BoE warns that gilt market chaos poses a ‘material risk to UK financial stability’, as it starts buying inflation-linked bondsPat McFadden MP, Labour’s Shadow Chief Secretary to the Treasury, is urging the...

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Boris Johnson’s flagship jobs scheme was a failure, new figures reveal

Fewer people found jobs under Way to Work despite triumphant claim that it helped 500,000Boris Johnson’s flagship jobs scheme appears to have failed, despite his claim that it helped half a million people into work.The Way...

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