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UK Payrolls Decline, Indicating Cooling Economy

1 min read
Source: ForexLive
UK Payrolls Decline, Indicating Cooling Economy
Photo: ForexLive
TL;DR Summary

UK November payrolls decreased by 12,000, indicating a softening labor market, while average weekly earnings showed a slight decline. This may lead to a pause by the Bank of England (BOE) as wage pressures ease. However, the jobless rate remained steady, suggesting stability in the overall labor market. GBP/USD experienced a slight drop in response to the news.

Topics:business#boe#economy#gbpusd#payrolls#uk#wages
Share this article
  1. UK November payrolls change -12k vs 33k prior  ForexLive
  2. UK Latest: Wage Growth Slows in Sign Economy Is Cooling  Bloomberg Television
  3. Bloomberg Daybreak Europe: A 'Golidilox' UK Jobs Report  Bloomberg
  4. UK Unemployment Rate holds steady at 4.2% in quarter to October, as expected  FXStreet

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