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UK unemployment rate jumps by more than expected in cooling jobs market

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The ONS said the jobless rate jumped to 4.2 in the three months to February, up from 3.9 in the three months to January.

Britain’s unemployment rate has risen by more than expected and earnings growth has eased back once again

The Office for National Statistics said the jobless rate jumped to 4.2% in the three months to February – the highest level for nearly six months and up from 3.9% in the three months to January.We’ve published the latest UK labour market figures.Headline indicators for the UK labour market for December 2023 to February 2024 show:The official figures also showed regular wages growth, excluding bonuses, falling back once again, to 6% in the three months to February.

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UK unemployment rate jumps by more than expected in cooling jobs marketThe ONS said the jobless rate jumped to 4.2 in the three months to February, up from 3.9 in the three months to January.
Source: Glasgow_Times - 🏆 76. / 59 Read more »