The UK jobless rate rose slightly, and wage growth softened in the three months to August, raising chances of an interest rate cut this year.
The ILO jobless rate rose slightly to 4.8 percent from 4.7 percent in the preceding period, the Office for National Statistics reported Tuesday. The rate was seen unchanged at 4.7 percent.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
by Renju Jaya
For comments and feedback: contact editorial@rttnews.com