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2026-02-17 23:10:03
[Deutsche Bank: UK Employment Data Fails to Alleviate Concerns About Persistent Weakness in Labor Market] Deutsche Bank analyst Sanjay Raja noted in a report that UK employment data has failed to alleviate concerns about a persistently weak labor market. The UK unemployment rate rose to 5.2% in the three months to December. He stated, "Rising hiring costs are prompting businesses to shift from labor to capital." He also pointed out that the youth unemployment rate reached 16.1%, a more than ten-year high, while the proportion of workers who want employment but are not currently in the labor market remains high, accounting for 23% of the non-labor force. The unemployment rate may still have room to rise and has not yet reached its cyclical peak. He stated, "Almost all surveys show limited hiring plans… In short, the job market remains stagnant."
