The UK unemployment rate rose slightly and payroll employment declined for the first time in more than two years as the economic slowdown started to bite the labor market.
The jobless rate rose to 3.9 percent in the three months to March from 3.8 percent in the preceding month, data published by the Office for National Statistics showed on Tuesday.
This was in contrast to economists' forecast of the rate stagnating at 3.8 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.