Quick Take Recent UK jobs data released this morning indicated unexpected heat—unwanted by the Bank of England (BOE). According to Trading Economics, the unemployment rate defied consensus, arriving at 4.2% instead of the anticipated 4.3%. Furthermore, the average earnings, including bonuses, for the past three months were also higher than expected at 7.9%, surpassing the […]
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UK jobs surprise with lower unemployment and higher wages, stoking inflation concerns ahead of key report