December 16, 2025

UK October ILO unemployment rate 5.1% vs 5.1% expected

Business

UK job market softens further as unemployment rate rises to 5.1%, exceeding expectations. Payrolls decline by 38k in November, reinforcing a bleak labor market outlook. With real wages on the decline, pressure mounts on the BOE to consider a rate cut. Will the central bank act? Stay tuned for the latest updates.

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