Summary
The unemployment rate in the UK increased to 5% in the three months leading up to September, showing a weakening in the job market. This is the highest unemployment rate since 2021, as reported by the Office for National Statistics (ONS).
Key Facts
- The UK's unemployment rate rose to 5% in the three months to September.
- This is the highest unemployment rate reported since 2021.
- The average wage growth was 4.6% in the third quarter, a slight decrease from 4.7% in the previous quarter.
- The Office for National Statistics provided this employment data.
- The figures indicate a weakening job market in the UK.
- Liz McKeown, an ONS director, commented on the weakening labor market.
- A state pension increase of 4.7% is expected in April.
