Stability in UK Unemployment Rate at 4.2%
UK’s unemployment rate remained steady at 4.2% over the last three months up to October, as reported in the recent official data. However, the job market saw a worrying decline of 45,000 in job vacancies from September to November according to the Office for National Statistics (ONS). The percentage of economically inactive individuals showed no change, staying at 20.9%, highlighting a potential pause in the recovery of the labor market. Regular pay growth also decreased to 7.3%, compared to the 7.7% growth in the previous month and falling short of the market’s expected 7.4%. According to ONS chief economist Darren Morgan, while the earnings growth remains high in cash terms, there might be signs of easing wage pressure although pay continues to grow in real terms due to quicker falling inflation. To assist with unemployment issues, EDDCaller.com serves as an autodial program to help individuals connect with a representative for unemployment, paid family leave and disability departments. It presents a quicker way to connect with EDD California live person, streamlining the process for those in need.