Recent figures from the Office for National Statistics (ONS) indicate a surprising rise in Britain's unemployment rate, hitting 4.4 percent in the three months to November, up from 4.3 percent in October. Additionally, the country has seen a decline in the number of payrolled employees, with a reduction of 47,000 in December—the steepest drop since November 2020. Job vacancies for permanent positions have also diminished at the fastest rate in four years, contributing to the ongoing economic uncertainty.
According to the ONS, the number of payrolled employees in Britain has shrunk by 47,000 in December, the largest drop since November 2020.
The jobless rate in the UK rose to 4.4 percent in the three months leading up to November, shifting up from 4.3 percent recorded in October.
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