May 22, 2024

The Catholic Transcript

Complete News World

UK jobs record

UK jobs record

British employers raised the payroll even higher before the end of the government’s wage subsidy scheme in September.

The number of workers registered in the companies is the highest number recorded in the data up to 2014, with an increase of 207 thousand compared to August.

Employees and employers turned to recruitment agencies to find hotel and food companies that created jobs as they recovered from the siege of COVID-19.

According to official data released on Tuesday, the unemployment rate fell to 4.5% in the three months to August, from 4.6% in May-July, as expected by economists in a Reuters poll.

The BoE is set to become the first major central bank to raise rates since the Corona crisis. Inflation is 4% or above – 2% higher than the target.

But the BoE is looking at how many people have lost their jobs since the end of the paid leave program that employs people during epidemics.

By the end of September 30, about 1 million people may have been on the program, according to the Decision Foundation’s think tank.

Hussein Mehdi, macro and investment strategist at HSBC Asset Management, said the BO opens up the possibility of a rate hike by the end of this year.

“The October work report may open the door for increases after the December meeting,” he said.

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