by Xinhua writers Zhao Yang, Zhang Yadong LONDON, Oct. 15 (Xinhua) -- Britain s labor market is caught in a lingering downturn as employers halt hiring plans due to soaring employment costs, experts said this week. As the cost of living rises, combined with high inflation, a change of policy direction is highly expected when the Autumn Budget is due to be delivered next month. LOOSE JOB MARKET SHORTAGE OF SKILLED WORKERS The country s unemployment rate for people aged 16 years and over was estimated at 4.8 percent from June to August 2025. The figure went up in the latest quarter and is above estimates from a year ago as well as pre-pandemic rates, data from the Office for National...
Monday 20 October 2025
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Economic Watch: British labor market weakens as businesses expect policy shift amid soaring pressure
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