A report released by the ONS on Tuesday showed that the UK’s jobless rate increased to 3.9% in March from 3.8% a year earlier. The increase was driven by more people returning to the labour market, which may ease the Bank of England’s concerns about inflationary pressures. Economists polled by Reuters had expected the jobless rate to hold steady at 3.8%. The ONS said the Number of...
A rise in the UK jobless rate may ease inflation worries at the BoE
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