UK

The UK’s unemployment rate ticked up to 3.8% in the three months to February, according to official figures that also highlighted a faster than expected spike in wage rises.

The Office for National Statistics (ONS) said the jobless rate rose from 3.7% due to a surge in the number of people unemployed for more than six months.

The rate rose despite part-time employees and self-employed workers driving an increase in the employment rate.

Total pay, including bonuses, grew at an annual rate of 5.9% in the three months to February.

That was up from the 5.7% measured the previous month and at a time when energy-driven inflation remained at a 40-year high above 10%.

The rate of inflation currently stands at 10.4%.

The pace of wage growth is a closely-watched measure as the cost of living crisis evolves – and not just for pinched consumers.

Articles You May Like

Police rescue dog trapped in rocks
First images of Pope Francis’ tomb at Rome’s Basilica di Santa Maria Maggiore
Moment Sycamore Gap tree allegedly cut down
Voter confronts Jon Ossoff about impeaching Trump
First officer arrives at Sycamore Gap tree felling