UK Unemployment Rises but Wage Growth Increases

The latest figures released by the Office for National Statistics, ONS, today have shown the first increase in unemployment for two years along with a rise in wage growth. Although the unemployment rate increased the number of people in employment also rose compared to the last quarter’s figures.

The unemployment rate increased by 0.1% to 4.4% in the last quarter of September to December 2017, whilst the number of people in employment increased by 88,000 to 32.15 million people. Wage growth also increased by 2.5% over the last quarter.