""Alongside falling unemployment, the number of people not actively seeking work increased, with data suggesting fewer students seeking work alongside their studies.""
""If these energy prices remain high, economists have warned this could affect the jobs market in coming months.""
""The UK's labour market showed signs of stabilising in February, but a reversal may be on the horizon.""
The UK's unemployment rate decreased to 4.9% in the three months to February, contrary to expectations of 5.2%. This decline is partly due to an increase in individuals not seeking work, particularly students. Wages grew at an annual rate of 3.6%, the slowest since late 2020, although they still outpace inflation. The inactivity rate rose to 21%. Early estimates indicate a drop in payrolled employment by 11,000 in March, coinciding with rising energy prices due to the US-Israeli war with Iran, which may impact the job market.
Read at www.bbc.com
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