UK firms struggle to hire with Brexit, record low jobless rate
Wednesday, 8 August 2018 LONDON (Reuters) - The number of people recruited for permanent jobs in Britain grew at its slowest pace in nine months in July, reflecting record low unemployment and a shortage of migrant workers from the European Union, a recruiters' body said on Wednesday. A monthly survey by the Recruitment and Employment Confederation (REC) showed there was no lack of appetite for hiring among employers, as the number of vacancies grew at the fastest pace since November 2017. Britain's unemployment rate has tumbled to its lowest level since 1975 at 4.2 percent and many employers have reported a shortage of EU migrants available for work since the Brexit vote in June 2016
Federal Reserve chairman Jerome Powell's comments to the House Financial Services Committee were level-headed and rather implicit as usual, yet all indications were that there will be an interest rate..