The UK unemployment rose slightly in the third quarter ahead of the economy entering a prolonged period of recession. The ILO jobless rate rose slightly to 3.6 percent during July to September from 3.5 percent in three months to August, the Office for National Statistics said Tuesday. The rate was forecast to remain unchanged at 3.5 percent.
The employment rate for July to September was 75.5 percent, largely unchanged on the previous quarter.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.