UK Unemployment Rises as Hiring Slows, Buoying Rate-Cut Bets

UK unemployment hit 4.6% in April with wage growth cooling and payrolls dropping sharply. For Bank of England watchers, that’s another signal that rate cuts may be coming later this year.

UK unemployment hit 4.6% in April with wage growth cooling and payrolls dropping sharply. For Bank of England watchers, that’s another signal that rate cuts may be coming later this year.