Unemployment figures increase pressure on BoE as wages lag inflation

29.5m employees in UK

clock • 5 min read
Hospitality continues to suffer
Image:

Hospitality continues to suffer

The UK’s unemployment rate continued to fall in December 2021, but commentators have warned that the figures should be “taken with a pinch of salt”, while adding further pressure on the Bank of England.

The latest data from the Office for National Statistics estimates that there were 29.5m employees in the UK in December, an increase of 184,000 on the revised November 2021 level and up 409,000 on ...

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