Payrolls Contract as Youth Employment Keeps Sliding
Unemployment edges to 5% while vacancies hit five-year low
UK labour data show payrolls down 100,000 and youth joblessness at 14.7%, exposing persistent weakness beyond the Iran conflict shock.
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UK labour data show payrolls down 100,000 and youth joblessness at 14.7%, exposing persistent weakness beyond the Iran conflict shock.
Unemployment in the UK has risen to 4.8%, the highest level since 2021, marking four consecutive years of increasing joblessness under four different governments. Despite promises of economic growth and renewal, average earnings are failing to keep pace with inflation, leading to a decline in real wages and living standards. This trend highlights systemic issues within Britain's economic framework that transcend political leadership.