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  • 7 hours ago
Latest figures show a drop in unemployment and slower wage growth, but economists warn pressures could affect jobs. The outlook matters for households, workers, and local businesses.
Transcript
00:02Unemployment has fallen unexpectedly, according to the latest figures, but there are warnings
00:07that jobs outlook may become more uncertain in the months ahead.
00:11Official data shows the rate at 4.9 per cent in the three months to February, lower than
00:17economists had expected.
00:19Pay growth has also eased, with regular wages rising 3.6 per cent over the same period.
00:25More recent payroll figures suggest a slight drop in employee numbers.
00:28Economists say pressures linked to rising energy costs and global tensions could affect
00:34hiring.
00:35The Bank of England is expected to consider the data alongside inflation figures before
00:39its next decision on the interest rates later this month.
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