Britain’s jobs market has cooled further after the unemployment rate lifted to its highest level for nearly a year, but pay packages continue to outstrip inflation thanks to resilient earnings growth. The Office for National Statistics (ONS) said the rate of UK unemployment rose to 4.3% in the three months to March, which is the highest since May to July last year and up from 4.2% in the previous three months. In a further sign of that the employment sector is weakening, the ONS estimated that the number of UK workers on payrolls tumbled by 85,000 to 30.2 million in April – the largest fall since May 2020, although the ONS said this was subject to revision. We’ve published the latest UK labour market figures. Headline indicators for the UK labour market for January to March 2024 show: · employment was 74.5%· unemployment was 4.3%· economic inactivity was 22.1% Read Labour market overview ➡️ https://t.co/2O7qcvRfkz pic.twitter.com/lgM8rmC07j — Office for National Statistics (ONS) (@ONS) May 14, 2024 Vacancies in the jobs sector also dropped by 26,000 quarter on quarter to 898,000 in the three months to April – the 22nd consecutive fall. Despite this, the data showed regular average earnings growth...