Despite government support measures, the UK unemployment increased in the three months to October and redundancies reached a record high as the coronavirus pandemic weighed on the labor market.
The unemployment rate rose to 4.9 percent in three months to October, the Office for National Statistics reported Tuesday. Economists had forecast the rate to climb to 5.1 percent from 4.8 percent registered in three months to September.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.