Published • loading... • Updated
UK unemployment rate falls to 4.9% and wages grow more than expected
Average weekly earnings excluding bonuses rose 3.4%, beating economists’ forecasts, as vacancies fell to 707,000 and payrolls edged up 2,000.
- Britain's unemployment rate dropped to 4.9% in the three months to April, better than the expected 5%, according to the Office for National Statistics .
- Pay growth excluding bonuses held steady at 3.4%, beating forecasts of 3.2%, while real earnings adjusted for inflation rose by 0.3% during the same period.
- Employment increased by 100,000 in the three months to April, exceeding the forecast of 80,000, though job vacancies are falling and may indicate weakening demand for workers.
- Work and Pensions Secretary Pat McFadden highlighted significant growth in employment and emphasized government programs aimed at supporting labor market stability.
Insights by Ground AI
Podcasts & Opinions
31 Articles
31 Articles
Annual wage growth, excluding bonuses, remained at 3.4%, unchanged from the previous period
·Brazil
Read Full Article
Unemployment Dips to 4.9% as Private Sector Pay Growth Sinks
According to the ONS, unemployment unexpectedly dipped to 4.9% in the three months to April. Slightly down from 5%… The ‘good’ news for the Treasury ends there. New recruits joining payrolls have fallen to their lowest level in five years, vacancies continue to decline, and private sector wage growth has slowed to its weakest pace…
Coverage Details
Total News Sources31
Leaning Left4Leaning Right4Center8Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 25%
C 50%
R 25%
Factuality
To view factuality data please Upgrade to Premium
