UK Employers Cut 100,000 Jobs in April, Jobless Rate Rises to 5%

GateNews
According to UK Office for National Statistics, employers cut 100,000 jobs in April, far exceeding economist forecasts of 10,000. The three-month jobless rate rose from 4.9% in February to 5%, and job vacancies fell to their lowest level since 2021, reflecting weakening labor demand amid Middle East tensions.
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