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via rte.ieEconomy

UK jobs market shows some signs of recovery

FROM THE WIRE · RTE.IE

British workers have seen another small rise in the pace of pay growth and there were other signs of a small recovery in the jobs market, according to data which could bolster the case for a Bank of England interest rate hike next month.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishPay and jobs data that could strengthen expectations of a Bank of England rate hike.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01UK pay growth picked up pace again, though only slightly.
  2. 02There are other signs of a small recovery in the jobs market.
  3. 03The data could bolster the case for a Bank of England rate hike next month.

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