UK unemployment climbs as inflation weighs on economy

UK unemployment climbs as inflation weighs on economy
A group of young people walk past a 'We're hiring!' sign posted at a store in New York City on August 20, 2021/COURTESY

LONDON, United Kingdom, July 11 – UK unemployment rose back to four percent in the three months to the end of May, official data showed Tuesday, as the economy struggles with stubbornly-high inflation.

The unemployment rate increased from 3.8 percent in the three months to the end of April, the Office for National Statistics (ONS) said in a statement.

The rate was back at four percent for the first time since the start of 2022. Analysts’ consensus had been for unemployment to remain at 3.8 percent.

AGENCE FRANCE PRESSE

Agence France-Presse is a global news agency delivering fast, in-depth coverage of the events shaping our world from wars and conflicts to politics, sports, entertainment and the latest breakthroughs in health, science and technology.