Key Points
The Office for National Statistics said the unemployment rate rose to 3.8% its highest since the second quarter of 2022 rather than holding at 3.7%, as forecast by economists in a Reuters poll...
Britains unemployment rate rose unexpectedly in the three months to February but pay growth stayed higher than forecast, highlighting the dilemma for the Bank of England (BoE) as it judges whether to raise interest rates further..
Pay continues to grow more slowly than prices, so earnings are still falling in real terms, although the gap between public and private sector earnings growth continues to narrow, ONS statistician Darren Morgan said.. British consumer price inflation hit its highest in more than 40 years at 11.1% in October, and was still in double digits in February..
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