Back to today’s briefing

Story perspectives

UK Job Market Struggles: Unemployment Hits Four-Year High

6/10/2025

45 5

Summary

Story summary

By May, the UK job market recorded 736,000 available jobs, with unemployment rising to 4.6%, a four-year high.
Economists anticipate continued unemployment increases driven by escalating employment costs.
Average wage growth decelerated to 5.2%, still surpassing inflation, which stands at 3.5%.
Chancellor Rachel Reeves plans to unveil a Spending Review targeting public services and infrastructure.

1 of 1

Story summary

By May, the UK job market recorded 736,000 available jobs, with unemployment rising to 4.6%, a four-year high.
Economists anticipate continued unemployment increases driven by escalating employment costs.
Average wage growth decelerated to 5.2%, still surpassing inflation, which stands at 3.5%.
Chancellor Rachel Reeves plans to unveil a Spending Review targeting public services and infrastructure.