Economics
U.K. Wages Cool, Vacancies Fall in Brexit-Hit Labor Market
- Uncertainty to continue as Johnson sets up Brexit cliff edge
- CBI says factory output declined at fastest pace since 2009
Commuters in central London.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
The U.K. labor market and manufacturing sector displayed further signs of nervousness around the now-postponed Oct. 31 deadline to leave the European Union and in the run-up to last week’s general election.
Vacancies fell below 800,000 for the first time in two years and wages grew at their slowest annual pace since 2018, the Office for National Statistics said Tuesday. Employment rose marginally, leaving the jobless rate unchanged. A separate survey showed factory output plunged the most since the financial crisis in the fourth quarter.