The FX PostThe FX Post
    What's Hot

    If You’d Invested $1,000 In Dogecoin 5 Years Ago, Here’s How Much You’d Have Today

    August 24, 2025

    Ethereum Hits Record $4,880 After 15% Intraday Rally

    August 23, 2025

    Bitcoin Price Stumbles to $112,301 Ahead of Powell’s Jackson Hole Speech – Tekedia

    August 22, 2025
    The FX Post The FX Post
    • Best Fx Robots
    • Forex
      • News
      • Forex 101
      • Forex Forecasts
      • Broker Reviews
    • Crypto
      • News
      • Crypto 101
      • Crypto Forecasts
      • Crypto Reviews
    • Indices
      • News
      • Analysis
      • Commodities
      • Reviews
    • Automated Trading
      • Forex Signals
      • Forex Robots
      • Copy Trading
    • Top
      • Best Forex Robots
    The FX PostThe FX Post
    Home ยป UK Wage Growth Slows while Unemployment Rate Falls
    News

    UK Wage Growth Slows while Unemployment Rate Falls

    February 12, 20241 Min Read
    Facebook Twitter Pinterest LinkedIn Reddit
    Share
    Facebook Twitter LinkedIn Pinterest Reddit

    UK wage growth in the fourth quarter was slightly lower than expected, while the unemployment rate unexpectedly declined, indicating a persistently tight labor market influenced by inflationary pressures. These developments are prompting the Bank of England to consider when to implement interest rate cuts.

    According to the Office for National Statistics, average pay growth (excluding bonuses) was 6.2% between October and December, compared to 6.7% in the previous three-month period. Simultaneously, the joblessness rate stood at 3.8% during the same period, which is lower than the 3.9% recorded in the previous three months. These figures deviate from economists’ predictions of 6.1% for wage growth and 4.0% for the unemployment rate.

    Interestingly, recent updates made by the ONS reveal that the UK’s labor market is even tighter than initially estimated. For instance, the rate of joblessness in the three months leading up to November was revised to 4.2% from the previously reported 3.9%.

    Although the decline in wage growth may lead Bank of England policymakers to consider implementing rate cuts, the lower unemployment rate and slower-than-anticipated easing in wages could potentially delay such actions.

    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more
    Bank of England inflation Interest Rate Cuts labor market UK unemployment rate wage growth
    Share. Facebook Twitter Pinterest LinkedIn Reddit

    Related Posts

    If You’d Invested $1,000 In Dogecoin 5 Years Ago, Here’s How Much You’d Have Today

    August 24, 2025

    Ethereum Hits Record $4,880 After 15% Intraday Rally

    August 23, 2025

    Bitcoin Price Stumbles to $112,301 Ahead of Powell’s Jackson Hole Speech – Tekedia

    August 22, 2025

    Currency Exchange International increases share buyback program By Investing.com

    August 21, 2025
    Add A Comment

    Leave A Reply Cancel Reply

    49  +    =  53

    Best FX Post
    Best Forex Robots (Expert Advisors) 2021

    Best Forex Robots (Expert Advisors) 2022: Passive Income From Algo Trading Systems

    July 7, 2021

    Top 10 Lending Platforms for Crypto Loans

    June 1, 2022
    forex eurusd trading charts

    Top 10 Best Forex Brokers In All Times

    June 1, 2022
    Recent Posts
    • If You’d Invested $1,000 In Dogecoin 5 Years Ago, Here’s How Much You’d Have Today
    • Ethereum Hits Record $4,880 After 15% Intraday Rally
    • Bitcoin Price Stumbles to $112,301 Ahead of Powell’s Jackson Hole Speech – Tekedia
    • Currency Exchange International increases share buyback program By Investing.com
    • Bountiful garlands for our sportswomen
    Featured Reviews

    Traders Connect Review

    May 18, 2023

    System Levels Review

    May 26, 2023
    TechBerry

    TechBerry Review: Pros, Cons, Recommendations

    September 18, 2021
    Categories
    • Analysis
    • Automated Trading
    • Best FX Post
    • Broker Reviews
    • Commodities
    • Copy Trading
    • Crypto
    • Crypto 101
    • Crypto Bots
    • Crypto Forecasts
    • Crypto Reviews
    • Crypto Robot
    • Forex
    • Forex 101
    • Forex Forecasts
    • Forex Robots
    • Forex Signals
    • Forex Signals
    • Guides
    • Indices
    • News
    • News
    • News
    • News
    • Reviews
    • Reviews
    • Uncategorized
    Twitter BlogLovin
    © 2025, Thefxpost.com.
    • Contact

    Type above and press Enter to search. Press Esc to cancel.