US EditionUnemployment rate rises to highest level since the pandemic as jobs market cools
UNITED KINGDOM, JUL 17 – Rising unemployment in Australia and the UK follows slowing wage growth and increased labour costs, with UK jobless rate hitting 4.7%, the highest since June 2021, ONS data shows.
- According to the ONS report released on July 17, the UK’s unemployment rate increased to 4.7% for the quarter ending in May 2025, reaching its highest point since June 2021.
- This increase followed a previous rate of 4.6% in the three months to April and occurred amid global economic uncertainty and rising inflation pressures.
- The labor market showed signs of weakening, with payroll numbers falling again and wage growth slowing to 5.0%, the weakest in almost three years.
- ONS director Liz McKeown stated that the labor market continues to weaken while revised tax data suggested the recent decline was less severe than initially estimated.
- These trends imply continued pressure on the UK labor market, possibly influencing future monetary policy as the Bank of England prepares for potential interest rate cuts.
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Britain's unemployment rate has risen, remaining close to a four-year high, according to official data released on Thursday.
·Estonia
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The unemployment rate in the UK in the three-month period from March to May rose from 4.6% to 4.7%, the highest level since the summer of 2021, the UK's Office for National Statistics (ONS) announced today.
·Belgrade, Serbia
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Total News Sources39
Leaning Left6Leaning Right6Center5Last UpdatedBias Distribution35% Left, 35% Right
Bias Distribution
- 35% of the sources lean Left, 35% of the sources lean Right
35% Right
L 35%
C 29%
R 35%
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