The UK jobless rate edged up again in the three months ended October as firms held back recruitment amid recession fears but wage growth remained strong, fueling pressure on the Bank of England to hike interest rates further in a bid to rein in inflation.
The ILO jobless rate climbed to 3.7 percent in the three months to October, figures from the Office for National Statistics showed on Tuesday. This was in line with expectations and up from 3.6 percent in the quarter to September.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.