Bank of England expected to leave interest rates on hold; UK unemployment falls – business live

Rolling coverage of the latest economic and financial news Worryingly, the number of vacancies in the UK economy has dropped to a five-year low. The Office for National Statistics estimates that vacancies fell by 19,000 in March to May, to 707,000 – the lowest level since February to April 2021. “Low levels of employer demand for labour unfortunately reflect a combination of government policies which have increased the cost and risk associated with hiring employees. This is choking off work opportunities for young people in particular, as jobs continue to decline in important youth employment

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