UK unemployment hits four-year high, impacting young workers and graduates
TL;DR Summary
UK unemployment reached a four-year high of 5.1% in October, signaling a weakening labour market and prompting expectations of an interest rate cut by the Bank of England. Wage growth slowed, and employment fell significantly, especially among young workers, amid economic uncertainty and rising costs for businesses.
- UK unemployment rose to four-year high of 5.1% before budget The Guardian
- Young workers hit hard as UK unemployment rate rises to 5.1% BBC
- Where have all the graduate jobs gone — and will they come back? The Times
- U.K. Unemployment Rises to Pandemic-Era Highs The Wall Street Journal
- Reeves is condemning a generation to a lifetime of worklessness The Telegraph
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