The unemployment rate jumped to 5% in the three months to September, according to latest ONS figures. That’s the highest level since December 2020-February 2021. City economists had expected it to rise to 4.9%…
Liz McKeown, the ONS director of economic statistics, said: “These figures point to a weakening labour market.” Meanwhile, the number of workers on company payrolls fell by 32,000 in October compared with September. Shadow Business Secretary Andrew Griffith said: “Labour ministers should hang their heads in shame. With young people most impacted, ‘Generation jobless’ is now happening on their watch.” And this is before the (un)Employment Rights Bill and Reeves’ next tax raid land…
