Home Business News UK sees largest unemployment rise in four years

UK sees largest unemployment rise in four years

by LLB Reporter
12th Nov 19 1:36 pm

The number of people in work has seen largest slump in four years and the three months to September UK wage growth has slowed.

According to the Office for National Statistics (ONS) the number of people in work fell by 58,000 to 32.75m in the same period, also figures show the biggest annual drop in job vacancies in almost 10-years.

The number of people who were unemployed in the same period fell by 23,000 to 1.31m. Annual earnings for workers in the UK rose by 3.6% compared to the previous month being 3.8%.

An ONS spokesman said, “The employment rate is higher than a year ago, though broadly unchanged in recent months.

“Vacancies have seen their biggest annual fall since late 2009, but remain high by historical standards.

“The number of EU nationals in work was very little changed on the year, with almost all the growth in overseas workers coming from non-EU nationals.”

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