• Thursday, August 11, 2022

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UK unemployment goes up at fastest rate in almost five years

Unemployment rates in the UK have risen for the first time since Brexit vote (Photo by Jack Taylor/Getty Images)

By: Lauren Codling

Britain’s unemployment rate has risen for the first time in 16 months, official data showed Wednesday (22), in a sign that Brexit uncertainty is feeding into the wider economy. The jobless rate – or the proportion of the workforce that is unemployed – stood at 4.4 percent in the three months to the end of December, the Office for National Statistics said in a statement. That was up from 4.3 percent in the quarter to November 2017, which had been the lowest level in 42 years. Analysts said that Wednesday’s data reduced the likelihood that the Bank of England would…

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