Home Business news UK unemployment rose to four-year high of 5.1% before budget

UK unemployment rose to four-year high of 5.1% before budget

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October figure from ONS suggests employers laid off workers, as earnings growth excluding bonuses fell

The rate of UK unemployment rose to a four-year high of 5.1% in the three months to October, as the labour market showed signs of further weakening before last month’s budget.

Wage growth excluding bonuses fell to 4.6% in October, from 4.7% the previous month.

Continue reading…October figure from ONS suggests employers laid off workers, as earnings growth excluding bonuses fellBusiness live – latest updatesThe rate of UK unemployment rose to a four-year high of 5.1% in the three months to October, as the labour market showed signs of further weakening before last month’s budget.Wage growth excluding bonuses fell to 4.6% in October, from 4.7% the previous month. Continue reading…