4 Hrs
Source:
The Guardian
UK unemployment dips before budget
The UK unemployment rate has decreased to 4.7% for June to August, while employment increased by 102,000 to 34.577 million. Despite this positive trend, the number of vacancies has dropped by 21,000, falling below 700,000 for the first time since early 2021, mainly due to higher labor costs affecting smaller firms. The data suggests a resilient labor market but highlights ongoing challenges, including persistent youth unemployment and a decline in available entry-level jobs.
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