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UK Unemployment Rises As Cost-Of-Living Crisis Bites

The rate increased to 3.8 percent from 3.7 percent in the three months to the end of January, the Office for National Statistics said in a statement.


FILE: A man carries shopping bags past people queing to enter a shop in London on May 12, 2022. Britain’s economy shrank in March on fallout from soaring inflation, increasing the prospect of the country falling into recession. Official first-quarter data on Thursday showed that following solid output in January, the UK economy posted zero growth the following month and contracted by 0.1 percent in March. JUSTIN TALLIS / AFP

 

UK unemployment edged higher in the three months to the end of February, official data showed Tuesday, as the economy continues to be impacted by high inflation.

The rate increased to 3.8 percent from 3.7 percent in the three months to the end of January, the Office for National Statistics said in a statement.

The ONS said the increase “was driven by people unemployed for up to six months”.

Darren Morgan, director of economic statistics, said the number of days lost to strikes picked up again in February.

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Public and private sector workers have been striking since last year to try and win increases to pay, whose value has been eroded by elevated inflation.

“Pay continues to grow more slowly than prices, so earnings are still falling in real terms,” Morgan said.

He added that while job vacancies have fallen, they “remain at very high levels”.