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UK unemployment surged to a two-year high of 4.4%, with job vacancies dropping by 12,000 to 904,000 in 2024. Despite the weakening job market, wage growth remained strong at 6%, outpacing inflation with a 2.9% real-terms increase.
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The ONS said the jobless rate jumped to 4.2% in the three months to February, up from 3.9% in the three months to January. UK unemployment rate jumps by more than expected amid cooling jobs market ...
15 February The UK is confirmed to be in a recession, after the economy shrank by 0.3% between October and December, having already contracted between July and September 2023. [181] The new names of London's six Overground lines are revealed, with significant changes to the look of the famous Tube map set to take place.
Official figures also revealed wages continuing to lag behind rocketing inflation despite the biggest hike in earnings for more than 20 years.
Official figures showed a record 356,000 increase in payrolled workers between May and June – the seventh monthly rise in a row.
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