Sickness drags down UK economy as job vacancies go unfilled
Rishi Sunak wants growth, but ONS figures show rising levels of inactivity because of ill-health
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Rishi Sunak wants growth, but ONS figures show rising levels of inactivity because of ill-health
Labour market statistics today revealed stronger-than-expected earnings growth alongside a slight rise in the overall unemployment rate to 3.8%. The pound rallied after the release pointed to the need for further interest rate hikes.
The UK total pay grew more than expected in the three months to February and higher job vacancies again strengthened wage demands, official data revealed Tuesday, adding the call for a quarter-point interest rate hike from the Bank of England next month.
Britain should focus on fixing its “skills problem” rather than continuing to rely on migrant workers from overseas, Labour leader Keir Starmer has said.
Ben Harrison suggests long-term investments and reforms for the UK's employment services, as the nation's economic challenges continue to haunt employers and employees alike.