Category: Jobs

US economy added 142,000 new jobs in August Newsflash: The US economy added fewer jobs than expected last month, but there’s a welcome fall in the jobless rate. Payroll employment across the US rose by 142,000 in August, the US Bureau of Labor Statistics reports. That’s a little below expectations for around 160,000 new jobs....

An MP has spoken of the “great anxiety” among steelworkers in Lincolnshire, who he said faced losing their jobs by Christmas. Martin Vickers, Conservative MP for Brigg and Immingham, told MPs closing the blast furnaces in Scunthorpe would affect “many thousands of people and many businesses”. As part of a £1.25bn decarbonisation plan announced in...

Martin Vickers told MPs that closing British Steel blast furnaces in Scunthorpe would affect the supply chain which comprises “many thousands of people and many businesses” throughout the wider region, including his Brigg and Immingham constituency. At the House of Commons despatch box, Labour industry minister Sarah Jones vowed to spend £2.5 billion “to rebuild...

The MP for Boston and Skegness was joined by DUP MP Sammy Wilson who lambasted both Labour and the Conservatives for commitments to clean energy. According to UK Steel, more than 33,000 people are currently employed by Britain’s steel industry, with a further 42,000 supported in the supply chain, contributing £1.8 billion to the overall...

Equity said its members backed strike action by 93% on a turnout of 100%, and called for talks to avoid walkouts. The union said WNO chorus members are facing at least a 15% cut to their pay, a reduction in contracted hours despite their high workload of performances and rehearsals, and a fall in the...

UK housing activity rises at quickest pace since September 2022 Newsflash: Growth in Britain’s housebuilding sector has hit its highest rate since the mini-budget almost two years ago. Data provider S&P Global has reported that UK residential construction work “gained momentum” in August, with growth accelerating to its fastest since September 2022. This increase in...

The Mitsubishi Electric factory in Livingston, which was established in 1993, employs about 1,600 people. However, it is reportedly looking to reduce its workforce to about 1,200 due to what Livingston MP Gregor Poynton described as “short-term economic pressures” that have seen its order book “fall away”. During a debate in the House of Commons...

PA Media GB Energy was one of Labour’s Key election pledges The headquarters for a new UK government-backed energy company will be in Aberdeen, BBC Scotland understands. GB Energy will not supply power to homes, but will help fund new and existing clean technology, as well as small and medium-sized renewable energy projects. It is...

The projects awarded contracts for difference subsidy deals exceed the 92 projects delivered in the last auction round. The latest funding round reboots offshore wind farm projects, sees a record number of solar projects and advances the world’s largest commercial-scale floating offshore wind farm known as Green Volt. This makes it the biggest round ever...

The British Chambers of Commerce (BCC) made the plea after publishing a report on Monday in which they said there must be a balance that “preserves the investment and skills needed for the green economy and safeguards thousands of jobs”. The BCC report said it recognised the UK must fulfil its climate commitments, but said...

Closing post Time for a recap. Share Key events Show key events only Please turn on JavaScript to use this feature Rolls-Royce shares drop as Cathay Pacific inspects Airbus A350 fleet amid engine issues A late PS: Shares in jet engine maker Rolls-Royce have dropped by almost 6% in late trading, after airline Cathay Pacific...