UK faces a pay squeeze – and higher interest rates look likely

Analysis: Jobs market is booming, but Bank of England seems set to heap more pain on households

A cursory glance at the latest jobs market figures suggests the economy was in good health as the end of 2021 came into sight.

In the three months to November employment rose by 60,000 and the unemployment rate decreased by 0.4 percentage points on the quarter to 4.1%.

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Economics, UK unemployment and employment statistics, Pay, Money, Business, UK news UK news | The Guardian

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