Although the UK unemployment rate rose in the second quarter, wage growth accelerated more than expected, raising the chances of the Bank of England raising interest rates by another quarter-point in September.
Data from the Office for National Statistics showed that the jobless rate rose to 4.2 percent in the three months to June, while it was forecast to remain unchanged at 4.0 percent.
Pay-rolled employees increased 97,000 monthly in June. Employment totaled 30.2 million.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.