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The Guardian - UK
The Guardian - UK
Business
Phillip Inman

UK unemployment rises and wage growth slows as jobs market ‘weakens’

commuters reflected in a window in Manchester
The rise in unemployment will add to pressure on the Bank of England to cut interest rates at its next policy meeting on 7 August. Photograph: Christopher Furlong/Getty Images

Unemployment climbed and wage growth slowed in the three months to May, according to official figures that will pressure the Bank of England to cut interest rates next month.

Data from the Office for National Statistics, released on Thursday, showed that Britain’s official unemployment rate rose to 4.7% in the three months to May, up 0.1% from April to reach the highest level since June 2021.

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