A day after a top Bank of England official said the time for the BoE to think about taking action on inflation might be approaching sooner than he had expected,The increase was driven by 94,000 more accommodation and food jobs, which were hit by lockdowns that have now been largely lifted, and a 72,000 rise in jobs in administration and support services, including temporary staff at recruitment agencies.for the three months to May stood at 4.8%, the Office for National Statistics said.
Britain's labour market has been propped up by finance minister Rishi Sunak's job subsidies which paid the wages on 8.9 million jobs at its peak in May 2020, during the first COVID-19 lockdown, and supported 2.4 million jobs at the end of May 2021."We anticipate the unemployment rate to rise to around 5.
The ONS estimated underlying wage growth, excluding distortions caused by the pandemic, was between 3.9% and 5.1% for average weekly earnings. For average earnings excluding bonuses it was between 3.2% and 4.4%.
Well done BorisJohnson
thanks
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