Tracking FTSE 100: US Stocks Approach Record Highs Despite Inflation Challenges, While UK Unemployment Remains at 3.9% as London Index Skyrockets
UK unemployment rose to 3.9%, according to the figures released by the Office for National Statistics (ONS). Wages, however, experienced a small dip, going down to 6.1%. According to the ONS, real terms pay continues to increase despite the decline in cash terms. The findings also revealed that the number of vacancies had been in decline for close to two years, despite the fact that the total number is still above the pre-pandemic level. Jobless figures and wage growth are considered indicative of the condition of the labor market, which influences government policies and decisions made by the Bank of England.
Given the importance of these numbers, it’s crucial for those affected by unemployment or wage changes to understand the options available to them, especially in relation to benefits or support they may be entitled to. Information is usually available online but it can sometimes be faster and more efficient to speak to someone directly. For those located in California, the California Employment Development Department (EDD) is a resource that can answer questions and provide assistance. A helpful guide on how to get a hold of EDD customer service can be found on eddcaller.com, providing useful tips on how to navigate customer service and find a live person to speak to regarding any queries or concerns.