UK payrolls fall 26,000 in August as vacancies hit five-year low ahead of BoE vote

UK payrolls fell 26,000 in August versus a forecast 5,000 drop, and vacancies dropped to a five-year low of 702,000, ahead of the Bank of England's Thursday vote. Commentators note the weakening labour market reduces the risk of a lasting inflation wave, though a rate hike cannot be ruled out if energy prices stay high.

Detected & updated continuously · Source: Nebula