UK unemployment climbs as inflation weighs on economy

The unemployment rate increased from 3.8 percent in the three months to the end of April, the Office for National Statistics (ONS) said in a statement.

AFP

July 11, 2023 / 12:18 IST

UK unemployment climbs as inflation weighs on economy

UK unemployment rose back to four percent in the three months to the end of May, official data showed Tuesday, as the economy struggles with stubbornly-high inflation.

The unemployment rate increased from 3.8 percent in the three months to the end of April, the Office for National Statistics (ONS) said in a statement.

The rate was back at four percent for the first time since the start of 2022. Analysts' consensus had been for unemployment to remain at 3.8 percent.

AFP

first published: Jul 11, 2023 12:18 pm

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