15 November 2022 | Other

UK unemployment rate rises to 3.6%, the number of job vacancies reduces again

In the three months through September, the number of unemployed in Great Britain rose to 3.6 percent. At the same time, the number of vacancies fell for the fifth consecutive time. According to the Office for National Statistics, this decline may be due to the fact that companies feel anxious about the future of the economy.

The number of people in the labor market fell by 52,000, more than the survey's average projected decline of 25,000.

In October, the number of people applying for unemployment benefits once again rose to 3,300 more than in the previous month. Thus, once again emphasizing that the situation on the labor market remains tense and a prolonged recession awaits the British economy.

In turn, the data may serve as a signal for the Bank of England to reduce the pace of interest rate hikes due to the beginning of the recession.

Company MarketCheese
Period: 07.09.2026 Expectation: 3000 pips
Selling GBPUSD on dollar's fundamental edge
07 August 2026 35
Period: 14.08.2026 Expectation: 600 pips
Go long on EURUSD on weak US jobs data
07 August 2026 37
Period: 14.08.2026 Expectation: 600 pips
Invest in Brent crude with $88.50 target
07 August 2026 33
Period: 06.09.2026 Expectation: 6000 pips
Buy USDJPY with 164.00 in view
06 August 2026 58
Period: 06.09.2026 Expectation: 200 pips
Go short on ETHUSD with $1,700 target
06 August 2026 44
Period: 31.12.2026 Expectation: 13000 pips
Invest in silver up to $75.00
06 August 2026 44
Go to forecasts