UK Jobs Shock - Joe Blogs

[TexasTowelie]

UK unemployment has climbed to its highest level in nearly a decade, wages are cooling sharply, and payroll employment is falling. Is the UK labour market cracking?

In this video, we break down the latest UK jobs data, including the rise in unemployment to 5.2%, the drop in payroll employees, slowing wage growth, and the surge in youth unemployment. We also explain what the “2.6 unemployed per vacancy” figure really means — and why it signals a significant shift in labour market conditions.

With private sector wage growth easing and competition for jobs increasing, the Bank of England may now face mounting pressure to cut interest rates as soon as March.

Is this just a cooling labor market — or the early stages of something more serious?

Chapters:
0:00 Intro
1:25 UNEMPLOYMENT
2:58 YOUTH UNEMPLOYMENT
5:20 WAGES
7:12 GDP
7:58 INTEREST RATES
9:15 SUMMARY & CONCLUSION