Employers cut back on hiring new staff in three months to January as slowdown bites
Analysis: UK’s weak economy is taking a toll on its labour marketBusiness live – latest updates
Unemployment rose and wage growth slowed in the three months to January as the UK labour market showed signs of weakness, reflecting a broader slowdown in the economy.
The unemployment rate rose unexpectedly to 3.9 in January from 3.8% in December according to the Office for National Statistics, while annual average wages growth including bonuses fell to 5.6% from 5.8% in the previous month.
Continue reading…Employers cut back on hiring new staff in three months to January as slowdown bitesAnalysis: UK’s weak economy is taking a toll on its labour marketBusiness live – latest updatesUnemployment rose and wage growth slowed in the three months to January as the UK labour market showed signs of weakness, reflecting a broader slowdown in the economy.The unemployment rate rose unexpectedly to 3.9 in January from 3.8% in December according to the Office for National Statistics, while annual average wages growth including bonuses fell to 5.6% from 5.8% in the previous month. Continue reading…