London, Yiannis Haniotakis

The unemployment rate in the United Kingdom has reached the highest level of the last four years, according to the latest official data.

In particular, the National Statistical Service (Ons) announced that unemployment in the country reached 4.7% the March – May Quarterby 4.6% the previous quarter. This is the largest percentage recorded since June 2021.

Yesterday, an unexpected and unexpected Increase inflation to 3.6%.

The data indicate further pressure on the UK labor market, a few days after the Bank of England Governor left open the possibility of greater interest rates if the labor market is slowing down.

The Director of Financial Statistics of the National Statistical Service (ONS), Liz McConcommented on the details:

“The labor market is still weakening, with the number of employees re -declining, although revised tax data show that decline in recent months is less intense than originally estimated. Increasing remuneration has reopened, both nominal and real terms, but in both cases it remains relatively strong compared to historical data. The number of jobs available also continues to decline and has now been declining for three years. “