July 31, 2021

UK hiring surged in June as economy bounces back – ONS

People walk in the Canary Wharf business district, amid the coronavirus disease (COVID-19) outbreak, in London, Britain, September 22, 2020. REUTERS/Toby Melville/File photo

LONDON, July 15 (Reuters) – The number of employees on British company payrolls surged by the most since the start of the coronavirus pandemic, according to data which painted a picture of a roaring jobs market and also showed growing inflation pressure from rising wages.

A day after a top Bank of England official said the time for the central bank to think about taking action to head off inflation was approaching sooner than he had thought, tax data showed a 356,000 leap in employment in June from May.

The increase was driven by a 94,000 leap in accommodation and food jobs, which were heavily hit by lockdowns that have now largely lifted, and by a 72,000 rise in jobs in administration and support services which…

Read full article here: www.reuters.com