UK Unemployment Drops, But Wage Growth Slows

0:00On April 21st, UK unemployment just dipped to 4.9% in the three months to February, the lowest since last summer, catching. Economists off guard since they expected it to stay flat, but dig deeper and the picture gets cloudy, mostly fueled by more folks counted as inactive, like students not hunting for jobs of 70,000 in that stretch. IMPROSTATION, payrolls dropped 11,000 in March to 30.3 million, 65,000 below last year, and vacancies hit a 5-year low. Wage growth slowed to its weakest in over 5 years, though public sector workers got better deals from recent settlements. The Office for National Statistics warns to take these numbers easy, thanks to changes in how they're gathered. Rachel Reeves is pushing back today, saying her economic plans on track, even as middle-east tensions flare up. Work and Pension Secretary Pat McFadden calls it an early win with 332,000 more in work year over year, but admits war.

1:00Effects could hit prices in jobs soon. Government stepping up with energy bill cuts up to 25% for 10,000 manufacturers, plus 2.5 billion pounds to upskill. Citizen support the sick or disabled back into action.