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
Gold buy
Period: 27.09.2026 Expectation: 4650 pips
Buy gold with $4,900 in sight
Today at 06:54 AM 1
Period: 30.09.2026 Expectation: 250 pips
Buying EURUSD from 1.1650
Yesterday at 10:15 AM 22
Gold buy
Period: 30.09.2026 Expectation: 2500 pips
Invest in gold from $4,550
Yesterday at 10:15 AM 20
Brent sell
Period: 30.09.2026 Expectation: 250 pips
Brent crude sell-off targets $88.50
24 August 2026 44
Period: 30.09.2026 Expectation: 550 pips
Go short on SPX down to $7,600
24 August 2026 34
Period: 21.09.2026 Expectation: 2100 pips
Go short on USDCAD as dollar index hits three-month lows
21 August 2026 50
Go to forecasts