Wednesday 15th July 2015
The rate of unemployment in the UK has risen for the first time in 2 years. The Office of National Statistics reports that there were 1.85 million people unemployed in the March to May quarter, an increase of 15,000 from the previous quarter.
However, there are still 265,000 more people in work compared to the same period a year ago.
There is also some good news in that, over the last quarter, the average weekly earnings:
- including bonuses rose at 3.2%, the fastest rate in five years; and
- excluding bonuses rose by 2.8%, the fastest rate in six years.
Click here to read the related article on BBC News.
If you would like to discuss this issue in further detail, please contact a member of our employment team.