UK jobless rate increases to 4.6% and wage growth slows, reflecting a mixed economic picture

From Morningstar: 2025-06-10 04:58:00

The UK unemployment rate rose to 4.6% in the three months to April, up from 4.5% in the previous quarter, according to the Office for National Statistics. Annual growth in average earnings was 5.2% for regular earnings and 5.3% for total earnings, below expectations of 5.4% and 5.5% respectively.

This increase marks the first rise in the jobless rate since April to June 2021, in line with market consensus. However, regular earnings growth fell from 5.5% in the previous quarter, and total earnings growth decreased from 5.6%. The slight uptick in unemployment paired with moderate pay growth reflects the ongoing economic recovery in the UK.



Read more at Morningstar: UK Jobless Rate Rises to 4.6%, Wage Growth Moderates