Unemployment rate rises to 5.1% to hit ten-year high outside of Covid

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"Britain's unemployment rate rose to 5.1 per cent in the three months to October - the highest level for nearly five years, official data shows. Outside of the Covid-impacted period, unemployment has not been at this level in the UK for almost a decade, since the first three months of 2016. In addition, data showed wage growth slipping back further, though not quite as much as predicted, with young people in particular suffering amid a tough jobs market."

"The Office for National Statistics (ONS) confirmed the jobless rate rise, up from 5 per cent in the three months to September, while also noting average regular wage growth also pulled back again, to 4.6 per cent in the three months to October. This is down from an upwardly revised 4.7 per cent in the previous three months, and was 0.9 per cent higher after taking Consumer Prices Index (CPI) inflation into account. Experts said the easing back in pay increases will reinforce the case for the Bank of England to cut interest rates w"

The Independent covers issues including reproductive rights, climate change and Big Tech while seeking donations to fund on-the-ground reporting and avoid paywalls. The outlet highlights investigations such as Elon Musk's pro-Trump PAC and a documentary, 'The A Word', focusing on American women fighting for reproductive rights. Britain's unemployment rate rose to 5.1% in the three months to October, the highest level outside the Covid period since early 2016. Average regular wage growth fell to 4.6% for that period, equivalent to 0.9% growth after CPI inflation, with young people particularly affected and analysts noting pressure on Bank of England policy.

Read at www.independent.co.uk