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World

Wages are up – but the Bank won’t be happy about it

11 July 2023

7:10 PM

11 July 2023

7:10 PM

The labour market continues to show signs of becoming less tight – but this won’t be fast enough for the Bank of England’s liking. The UK unemployment rate rose to 4 per cent – up 0.2 per cent on the quarter. But this relatively small change is indicative of more people moving off the economic inactivity list, which fell by 0.4

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