Young people hit hard as UK unemployment marches upwards
Jobs market slowdown likely to become policy focus and will also have impact on interest rates decisionUK unemployment rose to four-year high of 5.1% before budgetBusiness live – latest updatesWhen Labour came to power, it set a “long-term ambition” of increasing the employment rate – the...
<p>Jobs market slowdown likely to become policy focus and will also have impact on interest rates decision</p><ul><li><p><a href="https://www.theguardian.com/business/2025/dec/16/uk-unemployment-rise-high-budget-october-ons">UK unemployment rose to four-year high of 5.1% before budget</a></p></li><li><p><a href="https://www.theguardian.com/business/live/2025/dec/16/uk-jobs-market-unemployment-rises-wage-growth-slows-us-payrolls-economics-business-live-news-updates">Business live – latest updates</a></p></li></ul><p></p><p>When Labour came to power, it set a “long-term ambition” of increasing the employment rate – the share of the working age population with a job – to 80%. The latest data suggest things are moving in the wrong direction.</p><p>The employment rate in the three months to October was 74.9%, according to the Office for National Statistics (ONS), down 0.3 percentage points on the quarter.</p> <a href="https://www.theguardian.com/business/2025/dec/16/young-people-uk-unemployment-jobs-market-interest-rates">Continue reading...</a>
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