What you should know about UK unemployment rate and wage growth

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is it going to be harder to get a job in
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2025 it's been widely reported that
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businesses are likely to feel the pinch
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from recent National Insurance hikes
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which could keep a lid on hiring and
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wage increases as businesses navigate
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higher employment costs and fresh
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figures reveal that UK employment has
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remained steady over the last 3 months
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as wage growth surged over the quarter
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to October unemployment was unchanged
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for the second straight month in October
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at 4.3% according to data from the
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office for National statistics the
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number of people claiming jobless
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benefits Climb by 300 in November
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massively undershooting estimates and
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comparing to a 10,900 fall in October
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however average earnings excluding
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bonuses spiked by 5.2% in the 3 months
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to October compared to 4.9% in September
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and above Market expectations of 5%
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average earnings including bonuses simly
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climbed quickly Rising 5.2% compared to
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4.6% estimates and previous figures of
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4.4% the increase in wages was partially
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attributed to the above average wage
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increases that a over the summer for
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public sector workers however public
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sector workers received only a 4.3%
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increase in their salary compared to
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5.4% for private sector workers Joe
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Nellis an economic advisor to
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accountancy and advisory firm mha has
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said that the steady unemployment rate
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isn't cause for celebration as the
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long-standing problems in the UK's labor
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market undermine attempts to reignite a
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flatlining and underperforming economy
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he said to create the conditions for a
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growing economy the government will need
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to encourage and help them return to the
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work Force to expand the country's
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productive power what do you think
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should the government be doing more to
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get people into work have you struggled
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to get a job recently let us know in the
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comments

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What you should know about UK unemployment rate and wage growth

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