UK Unemployment Rises Amid Slowing Growth
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The UK unemployment rate rose to 4.3% in March, its highest level since late 2021, according to data released today by the Office for National Statistics. Hiring slowed significantly, particularly in finance and tech, while job vacancies fell for the 22nd straight month. Economists say this is a clear sign that economic growth is softening, though inflation pressures are also easing slightly.
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