Category: 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 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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It’s not quite the Black Death, but worker shortage hits UK firms hard

Soaring vacancy rates mean employers need to work to attract and retain staff, but this will require a shift in attitudeA deadly virus arrives from the east and sweeps through western Europe for two years. The pandemic...

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UK workers’ pay rises fall behind inflation amid cost-of-living crisis

Unemployment falls to 4.1%, close to its level before the Covid pandemicPay for workers in Britain has fallen in real terms for the first time in more than a year, despite signs that employers shrugged off concerns over the...

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UK job vacancies hit record high of 1m as payrolls rebound to pre-Covid levels

Hotels, pubs and restaurants among those with biggest problems recruiting staffEmployers scrambling to hire staff amid widespread labour shortages after lockdown helped to return the number of workers on company payrolls to...

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UK unemployment rate jumps to 4.5% as Covid-19 jobless crisis deepens – business live

Rolling coverage of the latest economic and financial news, as UK unemployment hits a three-year high.. with worse to comeFull story: Record rise in redundancies in last quarterIntro: UK jobless rate hits 4.5% in June-August...

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