UK Posts 5.1 Percent Increase in Unemployment Rate
The jobless rate for people aged 16 and over increased from 5% in the previous quarter, underscoring a continued softening in the labor market. By October, the total number of unemployed individuals stood at approximately 1.8 million.
The latest figure represents a notable rise from the same period last year, when unemployment was recorded at 4.3%.
Employment indicators also showed signs of strain. The overall employment rate was measured at 75%, while the number of payrolled employees totaled 30.3 million as of October.
ONS estimates indicate that employee numbers fell by 180,000, or 0.6%, between October 2024 and October 2025. On a monthly basis, employment declined by 32,000, or 0.1%, from September to October.
Looking specifically at the August–October period, the data showed a year-on-year drop of 109,000 employees, equivalent to 0.4%, and a quarterly decline of 26,000, or 0.1%.
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
