Unemployment jumps as UK jobs market stalls

UK Unemployment Rate Higher Than Expected: Job Market Data

The UK labour market continues to cool amid an unexpected jump in the unemployment rate of 4.2 percent in the three months leading up to February. Economists estimated the headline unemployment rate to be around 4 percent in the latest quarter. The above estimates rate has been lowering since the summer of 2023, only to start rising in October to December last year. The Office for National Statistics (ONS) data also showed that employment decrea…

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

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.

UK unemployment rate jumps to 4.2% as labour market cools; China’s growth beats forecasts – business live

Rolling coverage of the latest economic and financial news, including the latest Chinese GDP report and UK unemployment dataThe London stock market has made a bad start to the morning.The FTSE 100 index of blue-chip shares has dropped by around 1.35%, or 105 points, to 7860 – its lowest level since 21 March.“We’ve seen long term sickness related inactivity rise since the pandemic, that’s why we introduced our £2.5bn Back to Work Plan to transfor…

UK wage growth beats expectations as unemployment ticks upFinancial Times

Average earnings increased 5.6% in three months to February despite weaker jobs market

U.K. Labor Market Cools Again, Making Rate Cuts More Likely

Real earnings growth 'at its highest rate in nearly two and a half years'

A weaker than expected easing in the pace of pay rises means real earnings growth, when inflation is taken into account, is at its highest rate in almost two and a half years, according to the latest official figures.