unemployment
UK economy faces threat of ‘stagflation’ after bumpy 2024
Falling inflation allowed the Bank of England to cut rates twice in 2024, but faltering growth and pressure on prices is clouding the outlook.
Employment is at record levels in the north, but who are the biggest employers?
We take a look at largest workforces across the public and private sectors
Bank set to hold rates as wage growth rises for first time in more than a year
Official figures showed regular earnings growth rose by more than expected, to 5.2% in the three months to October.
831,780 people in north now in work - and that’s a record
Reweighted labour market statistics reveal a mixed picture, but some key measures not going in the right direction
Wage growth rebounds but signs point to ongoing jobs market weakness
Official figures show regular earnings growth jumped to 5.2% in the three months to October, up from 4.9% in the previous three months.
Overhaul of official workforce data may take another two years, ONS admits
It said it is now ‘unlikely’ it will be able to introduce a revamped version of its Labour Force Survey in mid-2025.
Government announces plans to ‘get Britain working again’
Extra NHS support and an overhaul of Jobcentres are among plans set to be unveiled on Tuesday.
Wage growth slows further as unemployment rises – ONS
The ONS said average regular earnings growth eased back to 4.8% in the three months to September.
Why is the drop in wage growth good news for borrowers?
The latest fall is seen as giving Bank of England policymakers more room to cut interest rates.
Rising economic inactivity total blights market report
Higher numbers of people not participating in labour market 'restricts capacity of the economy to grow'