United Kingdom rate in unemployment rises for first time in two years

United Kingdom rate in unemployment rises for first time in two years

United Kingdom rate in unemployment rises for first time in two years

Scottish Secretary David Mundell said the figures were "worrying" and called on the Scottish Government to use devolved powers to boost the economy and promote growth. Earnings not including bonuses rose by 2.5 percent year-on-year.

The jobless rate was expected to remain at 4.3 percent.

The last time the measure was lower was in 2012, when it was 82,000.

The ONS said the surprise rise in the unemployment rate raised the question of whether the UK's long run of falling unemployment might be over. So average pay has not increased in real terms.

Economists suggest that the rise in wages is significant.

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Employability and training minister Jamie Hepburn said: "While unemployment and employment have improved over the year, the slight decrease in employment and increase in unemployment levels over the most recent quarter is disappointing - which is why we recognise the need for further investment in our economy and labour market".

Scotland's Employability Minister Jamie Hepburn described the figures as "disappointing".

"If stronger productivity continues into 2018, the Bank of England may decide to hold at least once on raising rates this year", she added.

The BoE warned in February that if the inflation outlook evolves in line with its latest set of forecasts over the coming months then it could raise interest rates at a faster pace than it had previously led markets to belief.

The UK's unemployment rate has unexpectedly risen by the biggest amount in nearly five years, official figures show.

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GDP was also downgraded on an annual basis, increasing by 1.7% between 2016 and 2017 - a downward revision of 0.1% from the preliminary estimate and slightly lower than the 1.9% growth seen between 2015 and 2016.

The ONS attributed a rise in unemployment to fewer economically inactive people - those neither working nor looking for a job.

"There are mixed messages in the data we've had out this morning", says Liz Martins, senior economist at HSBC.

"The absence of wage growth remains the missing piece of the puzzle in the UK's slow road to economic recovery - high employment should be the worker's best friend because that's what pushes up wages". The start of the New Year brings with it new exercise regimes and healthy eating trends, which mean people are a little more careful with their cash and do not indulge themselves to make up for the pre-Christmas period of excess. Offsetting that, the three months to September was revised up to 0.5 per cent.

The number of Eastern European workers fell.

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