The UK’s unemployment rate has risen further, in a surprise deterioration that boosts the case for a Bank of England interest rate cut.
The Office for National Statistics (ONS) reported a rise in the jobless rate from 4.6% to 4.7% in the three months to May.
Labour’s safeguarding minister, Jess Phillips said "There have been hundreds of thousands of new jobs created, and wages have increased in the last 10 months".
Read more: https://news.sky.com/story/weaker-jobs-market-makes-interest-rate-cut-more-likely-13397766
#interestrates #employment #jobs #uknews #skynews
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