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Market
UK Unemployment Rate by December 2024
5
Resolution / Starting Odds
Below 4% • 25%
4% to 4.5% • 25%
4.5% to 5% • 25%
Above 5% • 25%
Official UK government labor data release
Story
UK Unemployment Rises to 4.4%, Highest in Over 2 1/2 Years
Jun 11, 2024, 06:27 AM
The UK unemployment rate has risen unexpectedly to 4.4%, the highest level in over two and a half years. This increase comes despite strong wage growth, indicating a cooling labor market. The rise in unemployment complicates the Bank of England's decision on when to cut interest rates, as wage growth remains elevated. Official data for April showed these trends, highlighting the challenges faced by policymakers.
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