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The UK unemployment rate rose to 3.7% between August and October

Lovell Massy by Lovell Massy
December 13, 2022
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The UK unemployment rate rose to 3.7% between August and October
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December 13, 2022 • 11:34 am

The unemployment rate in the United Kingdom rose to 3.7% in the three months to the end of October, up from 3.6% in the previous three months, the Office for National Statistics (ONS) reported this Tuesday.

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Inflation in the UK has risen to a 40-year low of 11.1%

According to the agency, unemployment has increased among workers of different ages, and although job vacancy rates are higher, they are lower than they were a year ago.

The employment rate was 75.6%, an increase of 0.2 percentage points, but still low before the start of the Covid-19 pandemic.

The ONS also reported that the number of working days lost last October due to widespread strikes reached the highest level since November 2011.

According to the agency’s estimates, about 417,000 working days were lost last October as workers from various sectors went on strike to protest the economic crisis caused by rising inflation (11.1%).

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British Finance Minister Jeremy Hunt said that while unemployment in the UK was close to historic lows, “high inflation continues to weigh on economies around the world as the impacts of Covid-19 are managed”. and (Vladimir) Putin’s invasion of Ukraine” .

“We are committed to helping people get back to work, helping those in work increase their incomes, progress in employment and remain economically independent,” Hunt added in a statement following the release of the unemployment data.

Lovell Massy

“Total creator. Devoted tv fanatic. Communicator. Evil pop culture buff. Social media advocate.”

Lovell Massy

Lovell Massy

"Total creator. Devoted tv fanatic. Communicator. Evil pop culture buff. Social media advocate."

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