Unemployment rate rises to highest level for nearly a year, figures show from english rose fuke Watch Video

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✓ Published: 14-May-2024
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Britain’s unemployment rate has risen to its highest level for nearly a year as further cracks show in the jobs market, according to official figures. The Office for National Statistics (ONS) said the rate of UK unemployment rose to 4.3% in the three months to March, which is the highest since May to July last year and up from 4.2% in the previous three months.

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Government minister Mel Stride insists that “we are seeing a resilient labour market,” despite official figures revealing that Britain’s unemployment rate has risen to its highest level for nearly a year as further cracks show in the jobs market. The Office for National Statistics said the rate of UK unemployment rose to 4.3%. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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The Producer Price Index, which measures wholesale prices, rose 0.5% in April, more than the expected increase of 0.3%. Core PPI, which excludes volatile food and energy prices, also increased by 0.5% compared to an estimated 0.2%. On a yearly basis, wholesale inflation rose over 2% in April, the biggest gain in a year. Services prices drove much of the wholesale inflation, and portfolio management costs increased sharply. Energy prices rose led by a jump in gasoline costs, while food prices declined. Hotter-than-expected inflation raises doubts about the Fed's ability to cut rates soon to achieve its 2% target.
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