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FinanceSterling holds firm after UK jobs data muddies rate outlook
Top StoriesUK jobless rate rises again but pay growth will keep bank of England on edge
Top StoriesEuro zone likely heading into mild recession-PMI
Top StoriesUK economy to shrink in 2023, risks ‘lost decade’: CBI
Spain’s labour market resilient as unemployment drops in nov
Date: December 2, 2022
MADRID (Reuters) -Unemployment fell and net jobs were created in November in Spain, official data showed on Friday, reflecting strength in the labour market despite a slowing economy. The figures follow other recent data showing a slight easing of inflation and better than expected retail sales, raising hopes that Spain could eventually avoid slipping into...
Britain’s halfords targets retirees in recruitment drive
Date: November 23, 2022
LONDON (Reuters) – Halfords is aiming to recruit 1,000 new technicians over the next 12 months by attracting retirees to work in its car repair centres, as Britain’s tight labour market drives employers to think up new hiring strategies. Companies in Britain are struggling to recruit staff. The country’s unemployment rate hit its lowest level...
Younger Chinese are spurning factory jobs that power the economy
Date: November 21, 2022
By David Kirton SHENZHEN (Reuters) – Growing up in a Chinese village, Julian Zhu only saw his father a few times a year when he returned for holidays from his exhausting job in a textile mill in southern Guangdong province. For his father’s generation, factory work was a lifeline out of rural poverty. For Zhu,...
Irish consumer sentiment dips slightly on tech job losses
Date: November 21, 2022
DUBLIN (Reuters) – Irish consumer sentiment dipped slightly in November as people grew concerned about job losses in the country’s tech sector, a survey showed on Monday. The Credit Union Consumer Sentiment index fell to 45.3 from 46.1 in October, having recorded a 14-year low of 42.1 in September even as the economy continued to...
Sterling ticks up as UK inflation hits 41-year high
Date: November 16, 2022
LONDON Reuters) – Sterling rose against the U.S. dollar on Wednesday following UK inflation data that topped expectations and raised the chances of yet more interest rate hikes by the Bank of England (BoE). At 1010 GMT, the pound was up 0.51% at $1.1921, and down 0.28% versus the euro at 87.44 pence. Surging household...
Sterling falters as market awaits fiscal plan in data-heavy week
Date: November 14, 2022
By Lucy Raitano LONDON (Reuters) – Sterling fell against the dollar on Monday as traders braced for the UK government’s fiscal statement on Thursday in a data-heavy week that could shed light on the state of Britain’s economy. Finance minister Jeremy Hunt said he will set out tax rises and spending cuts this week to...