The number of people on corporate wages in the UK continued to rise in October, a sign that the end of the government’s job support program did not lead to higher unemployment.
The data may boost expectations that the Bank of England will start raising borrowing costs slightly as early as next month.
There were 29.3 million people on corporate payrolls in October, according to the statistics service, 160,000 higher than the previous month.
Vacancies in October rose to a new record, highlighting the continuing difficulties companies face in finding staff and meeting strong consumer demand.
In October, there were 1.2 million job vacancies.
Unemployment fell to 4.3% in the quarter to September, while average earnings for the same period rose 4.9% year-on-year, excluding bonus payments.
.
Source From: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
