UK Unemployment Hits Near Five Year High

United Kingdom unemployment has risen to its highest level in almost five years, according to official figures.

Data released by the Office for National Statistics shows joblessness climbing as higher interest rates, weak growth and falling business confidence hit the labour market.

Employers are slowing hiring and cutting vacancies, particularly in retail, construction and hospitality.

Economists warn the trend could worsen if the economy continues to stagnate, increasing pressure on the government ahead of key political and fiscal decisions in the coming months.



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