United Kingdom unemployment rate has edged up to 3.6 per cent but remains close to the lowest level in almost half a century, official data showed Tuesday.
The unemployment rate increased in the three months to the end of September from 3.5 percent in the three months to the end of August, the Office for National Statistics said in a statement.
At 3.6 per cent, it was around the lowest level since 1974.
At the same time, sky-high inflation continues to squeeze wages, resulting in mass strike action across Britain.
“August and September saw well over half a million working days lost to strikes, the highest two-month total in more than a decade, with the vast majority coming from the transport and communications sectors,” noted Darren Morgan, director of labour and economic statistics at the ONS.
“With real earnings continuing to fall, it’s not surprising that employers we survey are telling us most disputes are about pay.”