UK unemployment rate rises faster than expected

Now at 3.8%

The UK unemployment rate for December 2022 to February 2023 increased by 0.1 percentage points up to 3.8%, according to data from the Office for National Statistics.

The unemployment rate had stayed steady at 3.7% in each of the previous four months, and economists had forecast it to remain stable. Nick Train: Fund allocators have become disenchanted with UK equities The ONS revealed the estimated number of vacancies fell by 47,000 on the quarter to 1,105,000, declining for the ninth consecutive period which it said "reflected uncertainty across industries, as survey respondents continue to cite economic pressures as a factor in holding back on recruitment". An increase in the number of part-time employees and self-employed workers offset a big...