UK Unemployment Falls to 4.9% as Wage Growth Slows and Job Market Outlook Darkens
Updated
Updated · The Guardian · Apr 21
UK Unemployment Falls to 4.9% as Wage Growth Slows and Job Market Outlook Darkens
52 articles · Updated · The Guardian · Apr 21
The UK unemployment rate unexpectedly fell to 4.9% in the three months to February, its lowest level since last summer, according to official figures.
Wage growth slowed to 3.6%, the weakest in over five years, while economic inactivity rose, mainly among students not seeking work.
Analysts warn the positive trend may reverse as the Iran war’s impact on energy prices could increase unemployment and pressure living standards in coming months.
How will the UK solve its £212 billion economic inactivity crisis now?
Will the fragile US-Iran ceasefire be enough to reverse soaring UK energy prices?
Are rising benefits a real solution for the UK's living standards crisis?
Could the Iran war's energy shock fast-track the UK's green transition?
Can the Bank of England tame inflation without triggering a deep recession?
What happens to the global economy if the Middle East ceasefire collapses?