Britain's unemployment rate has unexpectedly risen to its highest rate for more than two years as the jobs market weakens further, although wage growth remains resilient, according to official figures. The Office for National Statistics (ONS) said the rate of UK unemployment rose to 4.4 per cent in the three months to April, up from 4.3 per cent in the three months to March.
The latest increase defied expectations that the jobless rate would remain unchanged, and saw it reach its highest level since the three-month period from July to September 2021. Vacancies also dropped sharply once again, down by 12,000 to 904,000 in the three months to May, marking the 23rd fall in a row.
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