TREE NEWS reports: UK ILO employment rose by 66,000 in the three months to July, down from a revised 84,000 increase in the previous period. The slowdown in hiring marks a further cooling of the British labour market.
UK ILO Employment Change +66K in Three Months to July, Prior +84K
AI take
The cooling is the story: hiring is still positive but decelerating, which matters for how the Bank of England reads labour-market slack against inflation. It affects rate-sensitive sectors and sterling, since softer employment growth can shift the policy debate. The open question is whether this deceleration continues or stabilises in the next release.
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