Strong UK pay growth boosts chance of Bank of England rate rise
British wages rose faster than anticipated last month, in a move that economists judge may tip the Bank of England towards a further rise in interest rates next month, despite an unexpected increase in joblessness too.
UK recruiters slow pace of pay growth in March, REC survey shows
Britain's labour market showed signs of a slowing in the sharp pace of pay growth in March and a shortage of candidates eased for the first time in two years, according to a survey of recruiters published on Wednesday.
The cost of childcare is driving women out of the workforce
The government is trying to encourage stay-at-home parents to return to full-time work with the new 30 hours of free childcare plan, after the increasing childcare and cost of living forced women out of work.
Wall Street ends mixed with inflation data, earnings on tap
U.S. stock indexes clawed back from steep losses to a mixed close on Monday as investors digested Friday's employment report and prepared for an eventful week of inflation data and bank earnings.
UK companies are turning to contract workers
As the UK grapples with economic instability and a widening skill gap across various sectors, companies are taking a closer look at their hiring strategies and favouring the employment of temporary staff.
Dollar struggles near 2-month low on weak data; focus on RBNZ
The U.S. dollar was stuck near two-month lows on Wednesday as weak economic data bolstered views that the Federal Reserve is near the end of its monetary tightening cycle.
Job adverts are high - though the UK economy faces labour and skills shortages
The total number of job adverts remains high as the UK government tries to entice individuals back to work with spring budget measures.
Bank of England raises rates, says inflation set to fade
The Bank of England (BoE) raised interest rates for the 11th time in a row on Thursday, but said a surprise resurgence in inflation would probably fade fast, prompting speculation it had ended its run of hikes.
UK inflation sucker-punches the BoE, while sterling bulls cheer
Bank of England policymakers will not have looked at Wednesday's inflation data with the same enthusiasm as sterling traders, who took advantage of a shock jump to push the pound up, confident that a rate hike this week is now a done deal.
If 70–80 per cent of the rich are self-made – what about the mass of 'ordinary' millionaires?
The National Study of Millionaires found out that 74 per cent of millennials believe that millionaires inherited their money and more than half (52 per cent) of baby boomers think the same.
Pakistan in Economic Purgatory: The Way Out Depends on Human Development
Although it is in the headlines for political turmoil, Pakistan is facing its worst-ever financial crisis. Even officials have uttered the taboo word: Default?
Australia employment rebounds in Feb, jobless drops back to near 50-yr lows
Australia employment rebounded strongly in February after two months of declines, while the jobless rate fell back to near 50-year lows, suggesting the country's labour market remained tight amid a slew of interest rate hikes by the central bank.
UK employers feel the strain of missing skilled workers
Frustrated with England's education system, Simon Biltcliffe spends a lot of time training new hires at his marketing firm in the "soft skills" he and many employers say the country's sluggish economy badly needs.
As hawkish Fed pricing goes away, bullish dollar calls fade
Emergency measures by the Fed and the U.S. government on Sunday to guarantee bank deposits have failed to reassure markets after Silicon Valley Bank and Signature Bank collapsed.
Europe's banks sucked into global rout as high rates reality hits home
European bank shares tumbled on Friday in the wake of a dramatic sell-off in U.S. lenders as concern spread that the sector will be vulnerable to the rising cost of money.
Britain's early retired resist calls to work, despite higher living costs
In their fifties and deciding there was more to life than work, Liz and Ian Woodbridge quit stressful jobs during the pandemic - part of a cohort of British early retirees now resisting a government call to return, despite rising living costs.
Inflation scare over? The case for and against sticky inflation
Two years after inflation began its rapid ascent, investors, economists and policymakers remain divided on the path ahead.
Asia, Europe track Wall St losses after Powell's rate hike warning
Markets sank Wednesday, the dollar held big gains and oil struggled to recover from hefty losses after Federal Reserve boss Jerome Powell opened the door to a quicker pace of interest rate hikes as officials battle to tame inflation.
Gender pay progress stalls on 'motherhood penalty': study
In Britain, gender inequality was exacerbated by a "childcare affordability crisis" and the "low take up by fathers of shared parental leave", the report said.
British labour market, and pay growth, slow in February - REC
Britain's labour market showed further signs of cooling as permanent job placements fell for the fifth month in a row in February and pay growth slowed, reflecting employers' concerns about the economy, a survey published on Wednesday showed.
Asian markets steady as investors await Fed chair's testimony
Asian financial markets were little changed on Tuesday as investors awaited congressional testimony from Federal Reserve Chair Jerome Powell due to start later in the day for clues on the central bank's next move on interest rates.
European stocks ride China optimism, euro zone yields at highs
European stocks rose in early trading on Friday, as investor risk appetite was boosted by signs of an economic recovery in China, even after expectations for European Central Bank rate hikes kept government bond yields at their highest in years.
US labor market remains tight; Q4 labor costs revised higher
The number of Americans filing new claims for unemployment fell again last week, pointing to sustained labor market strength and adding to financial market fears that the Federal Reserve could keep hiking interest rates for longer.
Dollar, sterling underpinned by upbeat PMI surveys; kiwi jumps
The dollar and sterling were buoyant on Wednesday, after a surprise rebound in business activity in the United States and the UK raised the likelihood that their respective central banks would have further to go in raising interest rates.
At job fairs in China, employers are thrifty and applicants timid
China's job fairs are making a comeback after being forced online by COVID-19 for three years, but subdued wages and less abundant offerings in sectors exposed to weakening external demand point to an uneven and guarded economic recovery.
UK economy in crisis, as the Chancellor urges missing workforce to return
Latest figures from the ONS reveal zero GDP growth in Q4 2022. A labour shortage is part of the problem, with the Chancellor urging people to return to work.
Australia employment falls for second month, jobless at 8-mth high
Australia employment surprised in January by falling for a second straight month while the jobless rate jumped to its highest since last May, a soft result that could lessen pressure for further aggressive interest rate hikes.
European equities rise on hopes of inflation slowdown
European stock markets rose Monday as investors set aside Asian losses and forecast easing inflation in Britain and the United States, dealers said.
Wall St rises on robust earnings, Disney hits five-month high
U.S. main stock indexes rose on Thursday with Disney and Salesforce boosting the blue-chip Dow index, while data showing a rise in weekly jobless claims helped ease concerns about the Federal Reserve's rate-hike path.
How e-commerce is changing the face of traditional commerce in the UK
Electronic commerce is gradually replacing physical stores in the British economy. However, brick-to-mortar stores are still strong pillars of UK business.