UK unemployment rate rises to 3.6%, the number of job vacancies reduces again

In the three months through September, the number of unemployed in Great Britain rose to 3.6 percent. At the same time, the number of vacancies fell for the fifth consecutive time. According to the Office for National Statistics, this decline may be due to the fact that companies feel anxious about the future of the economy.

The number of people in the labor market fell by 52,000, more than the survey's average projected decline of 25,000.

In October, the number of people applying for unemployment benefits once again rose to 3,300 more than in the previous month. Thus, once again emphasizing that the situation on the labor market remains tense and a prolonged recession awaits the British economy.

In turn, the data may serve as a signal for the Bank of England to reduce the pace of interest rate hikes due to the beginning of the recession.