Posted 12/8/2023, 8:01:15 AM
UK Wages and Hiring Cool as Global Growth Concerns Mount
- UK starting salaries rising at slowest pace in nearly 3 years as employers cut back on hiring
- Pay growth cooling across most English regions, implying weakening UK labour market
- US non-farm payroll report today expected to show pick-up in hiring and slower wage growth
- Oil price on track for 7th straight weekly decline despite slight rebound today
- UK housebuilder Berkeley flags subdued demand as reservations fall by a third amid higher interest rates