Episode Details

UK job market shows signs of cooling: private sector pay growth slowed to 2.8% annually, the weakest since October 2020, prompting a slight pound dip. Unemployment held steady at 4.9%, and job vacancies fell to 707,000 — the lowest since late 2014. While overall wage growth (excluding bonuses) remained at 3.5%, the Bank of England is watching closely amid global inflation risks, with markets now betting on fewer future interest rate hikes.

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