Live Updates from FTSE 100 on 12th March: UK's Unemployment Rate at 3.9%, Anticipated Surge in Shares, and Domino's Performance Report
The article reports on the performance of various economic indicators in the UK, particularly unemployment and wage growth. Unemployment has risen slightly to 3.9%, while annual wage growth remains higher than the Bank of England prefers at 6.1%. Recent joblessness figures have raised concerns about the reliability of such data due to low response rates. The Bank of England will likely need more evidence of economic stabilization before making any decisions related to cutting base interest rates. Figures from the Office for National Statistics (ONS) calculate wages increased by 6.1% annually in comparison to the inflation rate, indicating a continual boost to living standards.
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