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UK Unemployment Rises for First Time in 2 Years

2024-06-22OANDAOANDA
The ONS said 1.85 million people were unemployed in the March-to-May period, an increase of 15,000 from the previous quarter, with the jobless rate at 5.6%. The ONS also showed that the pace of pay rises continued to pick up. Average weekly earnings including bonuses rose at an annual pace of 3.2% in the latest […]

The ONS said 1.85 million people were unemployed in the March-to-May period, an increase of 15,000 from the previous quarter, with the jobless rate at 5.6%.

The ONS also showed that the pace of pay rises continued to pick up.

Average weekly earnings including bonuses rose at an annual pace of 3.2% in the latest three-month period, the fastest rate in five years.

Pay excluding bonuses rose by 2.8%, which was the highest pace since February 2009.

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