FILE PHOTO: Signs are seen outside a job centre in Borough, in London, Britain, Dec 1, 2024. [Photo/Agencies]

Survey shows businesses ‘struggling to absorb latest economic shock’, while data says April vacancies down 7.7%

Pay growth eases to 3.4% as businesses face pressure from soaring energy costs

UK unemployment unexpectedly jumps to 5% as the Iran war drives energy costs higher and wage growth slows to 3.4%, raising stagflation risks for crypto.

Jobless rate unexpectedly rises to 5% and employment falls by 100,000, biggest drop in six years; economists say June interest rate hike looks less likely

One in 20 people in the UK is now unemployed, according to new figures

FILE PHOTO: Signs are seen outside a job centre in Borough, in London, Britain, Dec 1, 2024. [Photo/Agencies]

Experts said the gloomy ONS figures showed the beginning of a hit to jobs from the energy shock caused by the Middle East conflict.