Unemployment rate fails to fall for Burnham - latest updates

Filed 1w ago · Via The Telegraph · The Buffoon Desk

THIS STORY IS SCORED

Myst

Kevin MacLeod · incompetech.com · CC BY 4.0

Photo: European Parliament · CC BY 4.0 · via Wikimedia Commons

The Office for National Statistics reported UK unemployment held steady at 4.9 percent between May and June, while payrolled employment fell by 13,000. Job vacancies dropped to 707,000 in the three months to July, the lowest level since 2021, deepening what the Telegraph's coverage calls a jobs drought.

Economists cited in the report expect the figures to encourage the Bank of England to hold interest rates at 3.75 percent at its September meeting. A separate piece of research commissioned for a government review on youth worklessness found that Britons believe nepotism helps career success more than talent does — a finding that arrives on the same day as data confirming there are simply fewer jobs to be nepotized into.

The full dispatch is available from the source below.

✒ FROM THE EDITORIAL DESK

A jobs market so stagnant that even nepotism is outperforming merit as a career strategy tells you everything about where opportunity currently sits in Britain. Holding interest rates steady while vacancies hit a five-year low is less a plan than a shrug dressed up in central-bank language.

Source: Read the original at The Telegraph → Scored: Myst · Kevin MacLeod · CC BY 4.0

Read it scored.

Every story, every clown, every kazoo — in your pocket. Music plays automatically. Regret is optional.

GET IT ON iOS GET IT ON ANDROID