UK Unemployment Holds Steady at 4.9% in June

UK joblessness remained at 4.9% in the three-month period to June, showing labour-market stability amid persistent inflation concerns. GBP traders are watching for wage-growth signals that could influence Bank of England rate policy, though this release does not clarify the inflation-wage nexus driving near-term sterling moves.

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2 hours ago

UK Unemployment Holds at 4.9%; Wage Growth Moderates

UK jobless rate stayed flat at 4.9% in July; employment rose just 66K versus 84K prior, signalling slower labour-market momentum. Average weekly earnings slowed to 3.9% YoY from 4.1%, cooling wage-inflation pressures. GBP/USD sensitive to Bank of England rate-cut bets; softer employment and earnings growth reinforce expectations of further easing ahead.

https://x.com/LiveSquawk/status/2099741328896647384

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@purple_hills · 30 minutes ago

Every 30 rejections you get damages your confidence and thus your further skills... So multiply that by 100 times over years of trying and you're going to be in this horrible zone where you're past your higher education for a long while, no experience gained, your expenses declining year after year and increasingly unable to live on your own and make a life for yourself, meanwhile employers and people keep asking why you haven't had a job in all that time when you keep trying...... Plus if you do get a job now, they could replace you with AI and even only have you for six months and then let you go to avoid a full time contract!

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