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: 30.06.2026 Expectation: 3000 pips
Buy SPX if Producer Price Index stays cool
Yesterday at 11:34 AM 27
Period: 11.07.2026 Expectation: 300 pips
Buying ETHUSD up to $1,950
Yesterday at 11:30 AM 28
Gold sell
Period: 18.06.2026 Expectation: 1200 pips
Sell gold with $3,980 target during brief rebound
Yesterday at 11:01 AM 34
Period: 11.07.2026 Expectation: 1500 pips
Invest in USDJPY ahead of BoJ meeting
Yesterday at 10:00 AM 34
Period: 31.07.2026 Expectation: 800 pips
Invest in USDJPY up to 161.50
Yesterday at 06:35 AM 27
Period: 31.07.2026 Expectation: 1900 pips
Selling GBPUSD down to 1,3200
Yesterday at 06:35 AM 20
Go to forecasts