The FTSE 100 ( ^FTSE ) and European stocks were a higher on Monday despite the UK jobs market suffering its worst month in more than a decade, raising pressure on the Bank of England to cut interest rates .
It comes as a report by accountant BDO revealed that the strength of the jobs market declined for a fourteenth consecutive month in August, with a reading of 95.89.
Anything over 95 signals growth, meaning recruitment is still just expanding, but this was the lowest score since January 2013.
There were also more people claiming unemployment-related benefits in August. This was at the highest level since December 2021, according to figures from the Office for National Statistics.
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