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

Dow Jones02-24

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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