Unemployment in UK at 4.4% in May

LONDON: The unemployment rate in the UK as of May was at 4.4%, the Office for National Statistics (Ons) revealed on Thursday.

The unemployment rate was stable from April but up by 0.4 percentage point from May 2023.

"The unemployment rate is up on the quarter and up on the year, and above pre-pandemic rates," it added.

The number of employed people in the country was up by 265,000 year-on-year in May and the employment rate was at 74.4% in May, below estimates.

"The UK economic inactivity rate for people aged 16 to 64 years was estimated at 22.1% in March to May 2024, above estimates of a year ago, but decreased in the latest quarter," it said.

Related Business News

Sensex falls 494 points, Nifty drops 221 as markets close in red

The domestic benchmark indices today closed in RED as the BSE Sensex lost 494 points to close at 81,006 and the NSE Nifty ended with 221 points down to settle at 24,749. The broader market the BSE midcap and smallcap indices shed more than 1 per cent each.

Locals oppose Baitarani West coal mines in Chhendipada,Outfit threatens no industry in Angul

Angul:Hundreds of affected people by upcoming Baitarani West Coalmine at Chhendipada have held a massive demonstration before Angul collectorate demanding cancellation of the coal project. The coal project is owned by Gujarat Mineral Development Cooperation at Chhendipada affecting dozen....

Locals oppose Baitarani Coal Mine at Chhendipada

ANGUL:Hundreds of affected people by B upcoming Baitarani West Coalmine at Chhendipada have held a massive demonstration before Angul collectorate demanding cancellation of the coal project. The coal project is owned by Gujarat Mineral Development Cooperation at Chhendipada affecti....

Bengaluru court orders FIR against Finance Minister Nirmala Sitharaman

BENGALURU: A Bengaluru court in Karnataka has ordered an FIR to be registered against Union Finance Minister Nirmala Sitharaman.The Special Court of People's Representatives in Bengaluru has ordered the registration of an FIR on charges of extortion,according to reports. The court has given th....

Indian Railways to operate over 6,000 special trains during upcoming festive season

The Indian Railways will operate over 6,000 special trains in the upcoming festive season for Durga Puja, Diwali, and Chhath Puja between 1st October and 30th November. Every year, Indian Railways runs special trains during the festive season to facilitate the travel of lakhs of passengers. There ha....