UK Unemployment rate soars to 5%, why??
Key Drivers Behind the Rise 1. Slowing Hiring Amid Higher Costs & interest charges! Businesses are pulling back on recruitment, particularly in lower-paying sectors like retail, hospitality, and wholesale. Rising employer costs—including higher National Insurance Contributions and an increased National Living Wage—are weighing on firms’ hiring decisions. 2. Vacancies Are Shrinking Job listings have dropped […]