Are UK Job Losses About to Spike? Experts Link Economic Slowdown to Iran War - Commonwealth Union

Are UK Job Losses About to Spike? Experts Link Economic Slowdown to Iran War - Commonwealth Union

The British working class is to face a surge in unemployment as the economic shockwaves from the war in Iran push an already stagnating economy towards recession. The latest forecasts point to a sharp deterioration in labour market conditions. Forecasts indicate that there could be up to 250,000 additional job losses. This downturn is likely to result in the official unemployment figure increasing by 12% from 1.87 million to over 2.1 million. An…

UK Jobs Market Slows as Hiring Falls Amid Iran War Uncertainty

Britain’s labour market is showing fresh signs of caution, with employers slowing hiring and job vacancies falling to their lowest level in nearly five years as economic uncertainty linked to the Iran war weighs on confidence. New data published this week points to a more fragile mood among UK employers in March, even as wage growth cooled less than expected and the unemployment rate unexpectedly dipped. For workers, jobseekers and migrant commu…