Jobs market weakens again after surprise rise in unemployment rate

Date:

The Office for National Statistics (ONS) said the rate of UK unemployment lifted to 4.4% in the three months to April, up from 4.3% in the three months to March.

The latest increase defied expectations for the jobless rate to remain unchanged and sees it reach the highest level since July to September 2021.

Vacancies also dropped sharply once again, down 12,000 to 904,000 in the three months to May, marking the 23rd fall in a row.

But the figures showed regular earnings growth remained unchanged at 6% in the three months to April and continued to outstrip price rises – up 2.9% when taking Consumer Prices Index (CPI) inflation into account, which is the highest since the three months to August 2021.

The ONS said: “This month’s figures continue to show signs that the labour market may be cooling, with the number of vacancies still falling and unemployment rising, though earnings growth remains relatively strong.”

Share post:

Popular

More like this
Related

Those who break gambling rules should be ‘kicked out’ of Tories, minister insists

Welsh Secretary David TC Davies claimed it is “quite...

Giving Businesses a Competitive Edge Via Industry 4.0

Things change quickly in the worlds of engineering and...

Diversifying for Rural Business Growth

Rhug Estate in North Wales is far more than...

July engineering works to impact Bristol and South Wales journeys – Rail UK

Train services will be affected by track replacement work...