Unemployment rate increases since 2021 as wages decrease rapidly

Britain‘S Unemployment rate According to official data, it has hit its highest level in about four years, Wage increase The cost of growing employees with the cost of employers has reduced more than anticipated as shoes.

National statistics office (ONS) said that except for the bonus, the average regular earnings fell by three months to 5.2 percent in April, decreased by 5.5 percent in the last three months. This is the lowest rate since the third quarter of last year.

Although wages continue to increase inflationWith consumer prices index inflation, up to 2.1 percent, the figure decreased by expectations, most experts predicted a 5.3 percent decrease.

Rate of Unemployment The three months increased to 4.6 percent in April, in March 4.5 percent in March and from three months to July 2021.

Britain’s unemployed rate rose to its highest level for almost four years ,Packet,

Statistics also shown Blank place In three months, in May, 63,000 to 736,000 collided, while parole data revealed the biggest decline for five years last month, below 109,000 to 30.2 million.

It coincided with firms facing an increase in national insurance contribution in April, which was declared in the October budget.

The figures were released a few hours ago Chancellor Rachel Reeves is expected to announce an increase in funding NHS, for schools and defense, with several infrastructure projects on Wednesday.

But other areas may face cuts as they want to balance the manifesto commitments with more recent vows, such as an increase in defense spending, fulfilling their fiscal rules that promise to match day-to-day expenses with revenue.

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Ms. Reeves, who was in the final-minute conversation with many departments, achieved a boost on Tuesday evening as a home office-to keep the final department out-agreed to funded.

ONS Director Liz Mcken, Economic Statistics, said: “The labor market is weakening, the number of people falls specifically on parole.

“The survey of our vacancies shows that some firms can replace new workers or replace people when they move forward.”

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