UK unemployment jumps more than forecast
The Peninsula
London: UK unemployment has jumped more than expected, official data showed Tuesday, as firms warn of slowing jobs growth after the new Labour governm...
London: UK unemployment has jumped more than expected, official data showed Tuesday, as firms warn of slowing jobs growth after the new Labour government hiked business taxes in its recent budget.
The unemployment rate climbed to 4.3 percent in the third quarter from 4.0 percent in the three months to the end of August, the Office for National Statistics said in a statement.
Analysts' consensus had been for an increase to 4.1 percent.
The ONS added that average regular wages growth had fallen to 4.8 percent, the lowest level in more than two years as inflation overall returns to normal levels.
The data comes after the government hiked national insurance, a tax on companies, in its main budget delivered at the end of October.
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