U.S. jobless claims climbed to 242,000 last week, hitting a three-month high as layoffs increase in both corporate and government sectors. The labor market remains strong.
UK employers face a decade-high redundancy surge as tax hikes and rising costs erode confidence, with firms slashing jobs to counter financial pressures in an uncertain economic climate.
UK wages rose 6% in November, defying expectations, but jobless claims rose. The Bank of England faces mixed signals as it considers interest rate cuts amid economic uncertainty.
