UK unemployment rate rises to 5% as jobs market weakens
NOV 11 - The rate of UK unemployment has risen to 5% in the three months to September, showing signs the jobs market has weakened, according to new Kenya breaking news | Kenya news today |..
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The UK unemployment rate rose to 5% in the three months to September, marking its highest level since December 2020-February 2021, according to new official figures. This increase, higher than the projected 4.9%, reflects a weakening jobs market and could influence a potential rate cut by the Bank of England.
- The Office for National Statistics (ONS) reported that average wage growth was 4.6% in the third quarter.
- Work and Pension Secretary, Pat McFadden, acknowledged challenges but stated the British economy is still generating jobs.
- The number of people on company payrolls fell by 180,000 (0.6%) in the year to October, exceeding forecasts, though job vacancies slightly increased to 723,000.
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UK Unemployment Reaches 5%; US Senate Passes Funding Bill; S. Korea Revises Growth Outlook Up - November 2025
The UK unemployment rate rose to 5% in the three months to September, its highest level since December 2020-February 2021, according to new official figures. The increase reflects a weakening jobs market and could influence a potential rate cut by the Bank of England. In the United States, the Senate has passed a crucial funding bill by a vote of 60-40, potentially ending the longest government shutdown in history. The bill now heads to the House of Representatives before President Donald Trump can sign it. Meanwhile, a state-run think tank in South Korea has revised upward its 2025 growth outlook. The Korea Development Institute (KDI) now projects a 0.9 percent increase in real gross domestic product (GDP), citing improvements in exports and consumption.
