British workers are suffering falling real wages again, despite unemployment hitting its lowest rate since the mid-1970s.
- Latest: UK jobless rate lowest since 1975
- Basic pay slows to 2.1%, lagging behind inflation
- Prices rising TWICE AS FAST as public sector pay
- Employment rate hits new high
Earlier:
Now this might surprise you…
Allowing for some individual volatility, the overall pattern for the last few years has been for gently falling unemployment rates. The highest unemployment rate in the UK for January to March 2017 was for London at 6.1%. This follows a period of a number of years when the highest unemployment rate was consistently the North East.
For the first time since 2012, London now has the highest unemployment rate in the UK
The latest stunning developments from the Trump White House are likely to weigh on the US stock market today.
The Dow Jones industrial average, and the wider S&P 500 index, are both expected to fall by around 0.5% when trading begins in around one hour.
Should be an interesting US session: overnight trading has brought S&P500 down to the May lows, 2380/82: pic.twitter.com/MoQjBjhp4T
With the latest bombshell developments in the Trump saga seen as an obstacle that may delay the proposed fiscal spending further, Wall Street should follow the bearish cues from Asian and European markets this afternoon.
Related: Comey, Russia and a ‘smoking gun’: a roundup of Trump’s current woes