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The Independent UK
The Independent UK
Business
Karl Matchett

Jobless rate hits highest since Covid in blow to Reeves before Budget

Office for National Statistics Liz McKeown Reeves Budget Unemployment United States

Unemployment in Britain has risen to the highest level in close to five years, after Office for National Statistics (ONS) data showed a higher-than-expected rise to five per cent in the three months to September.

That’s an increase from 4.8 per cent up to August and the highest level since early 2021 - while wage growth has also slowed further, signalling a weakened labour market.

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