Labour market is in pretty good shape, but signs of cooling could be a headache for the chancellorUK unemployment rises as pay growth slowsBusiness live – latest updatesFor the past few years only cursory attention has been paid to the unemployment figures because the jobless rate has been low and there have been plenty of unfilled vacancies for those seeking work. But, thanks to a slowing economy and decisions made by Rachel Reeves in last month’s budget, that could be about to change.For the next few months every release on the state of the labour market will be scrutinised to see what impact two announcements made by Reeves last month are having on jobs. Continue reading…
Source link : https://www.theguardian.com/business/2024/nov/12/uk-jobs-market-rachel-reeves-tax-rises-unemployment
Author : Larry Elliott Economics editor
Publish date : 2024-11-12 08:44:20
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UK jobs market in spotlight after Reeves’s tax rises on employers
