British employers hired a record number of staff in November, adding to signs that the labour market withstood the end of the government's furlough scheme and underscoring the Bank of England's dilemma as it meets on interest rates this week.
Tax office data showed 257,000 people joined company payrolls last month, the most since records began in 2014.
"Nonetheless, with the emergence of the Omicron variant over the recent weeks, we now expect the MPC to unanimously hold off raising rates until next year." "The economy should remain as open as is feasibly safe to do so in the coming weeks," Matthew Percival, director of employment at the Confederation of British Industry, said.
The ONS said average weekly earnings were 4.9% higher than in the same three months of 2020, the smallest annual increase since March.
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