UK unemployment hits 48-year low, pushing up pay
Britain’s jobless rate hit a 48-year low in the first three months of 2022 and employers paid bigger bonuses to keep or attract staff, according to data that added to bets by investors on further Bank of England interest rate hikes.
UK sees record job creation but inflation squeezes wages
British employers hired a record number of staff last month and labour shortages deepened, increasing the chance that the Bank of England will raise interest rates again next month, but pay was squeezed by rapidly rising inflation.
The relaxation of COVID restrictions resulted in a 4.8 percent increase in the US economy!
Following the loosening of Covid 19 limitations, the UK economy appears to be on the upswing. According to data from the Office for National Statistics, retail, restaurants, and hotels all contributed to the increase in GDP. As schools resumed in the second quarter, education bolstered the economy as well. According to official estimates, the UK […]
