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International Business Times UK
International Business Times UK
Glory Moralidad

UK Jobs Market Crisis: S&P Global Reveals Sharp Rise In Redundancies And Hiring Slump

The UK enters its 39th consecutive month of high unemployment rates, reduced employment, with policymakers sounding the alarm. (Credit: 8213erika/Canva)

The UK labour market is facing its 39th consecutive month of decline, with unemployment rates increasing, employment levels reducing, and the economy placing pressure on the situation, as experts and policymakers sound the alarm.

Reform Leader Nigel Farage said the country was getting 'gloomier' and 'poorer,' having more unemployment, as well as the country's debts 'running completely out of control.'

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