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Insider UK
Insider UK
Henry Saker-Clark & Peter A Walker

Wages rise at record rate as unemployment jumps unexpectedly

Unemployment Scotland

Britain’s unemployment rate has risen above expectations, while wages increased at the joint-highest rate on record.

The Office for National Statistics (ONS) stated that the UK jobless rate jumped to 4% for the three months to May, from 3.8% in the previous three-month period.

Economists had predicted a reading of 3.8% for the latest quarter.

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