BOE Expects U.K. Unemployment Rate to Peak at 5.25% -- Market Talk

Dow Jones

02/24

1539 GMT - The Bank of England expects the U.K. unemployment rate to peak at 5.25% in the second half of 2026, BOE chief economist Huw Pill says during testimony before lawmakers on the Treasury Committee. "We are getting to a point where the labor market is showing signs of stabilization," he says. The latest U.K. labor market data showed the unemployment rate increased to 5.2% in October to December, from 5.1% in September to November. (miriam.mukuru@wsj.com)

(END) Dow Jones Newswires

February 24, 2026 10:39 ET (15:39 GMT)

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The latest U.K. labor market data showed the unemployment rate increased to 5.2% in October to December, from 5.1% in September to November. 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(miriam.mukuru@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 24, 2026 10:39 ET (15:39 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}