Story perspectives

UK Labor Market Cools: Wages Fall, Unemployment Rises

9/22/2025

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Summary

Story summary

Britain's labor market is cooling, with wage growth decreasing to 4.8% year-on-year from 5%.
The unemployment rate has risen to a four-year high of 4.7%.
73% of businesses cite rising labor costs as their primary concern, according to the Confederation of British Industry.
The Employment Rights Bill may hinder economic growth, with 78% of companies worried about stricter hiring regulations.
South Korea's startup sector has seen successful hires drop by half in three years.

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Story summary

Britain's labor market is cooling, with wage growth decreasing to 4.8% year-on-year from 5%.
The unemployment rate has risen to a four-year high of 4.7%.
73% of businesses cite rising labor costs as their primary concern, according to the Confederation of British Industry.
The Employment Rights Bill may hinder economic growth, with 78% of companies worried about stricter hiring regulations.
South Korea's startup sector has seen successful hires drop by half in three years.