US Edition
UK Wage Growth Slows as Unemployment Hits Four-Year High, but Job Market Shows Signs of Stability: ONS
UK job vacancies fell by 9,000 to 717,000 as unemployment rose to 4.8%, driven mostly by younger workers amid a slowing labor market, ONS data shows.
- Annual growth in employees' average earnings slowed to 4.7% in the three months to August, down from 4.8% over the previous three months.
- The UK unemployment rate rose to 4.8% in August, a four-year high, primarily driven by younger people, while a record number of people over 65 are in work.
- The jobs market continued to slow, with 9,000 fewer vacancies in the three months to September, marking the 39th consecutive period where vacancy numbers have dropped.
28 Articles
28 Articles
UK jobs market shows some signs of cooling
British workers' pay grew at the weakest pace since 2022 and the jobless rate nudged higher, according to official data on Tuesday which prompted expectations that the Bank of England could bring forward a cut in interest rates.
Times of Malta
Insider PaperUK unemployment hits highest in over four years
Britain's unemployment rate has edged up to the highest level in over four years, official data showed Tuesday, adding to the country's economic strains ahead of the government's annual budget.The rate reached 4.8 percent in the three months to the end of August -- the highest level since the first half of 2021, the Office...
The UK unemployment rate rises to 4.8%, a level that has never been seen in four years, pointing to a labour market in difficulty before crucial budgetary decisions The unemployment rate in the United Kingdom has risen to 4.8%, a level that has never been seen in four years.
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