India, June 10 -- The UK unemployment rate rose slightly in the three months to April period and wage growth softened as the rise in social security contribution and the minimum wage started to weigh on the labor market activity.
The ILO jobless rate rose to 4.6 percent in the three months to April, as expected, from 4.5 percent in the three months to March, data from the Office for National Statistics revealed Tuesday. Average earnings excluding bonuses climbed 5.2 percent from a year ago but slower than the forecast of 5.5 percent. Including bonuses, average earnings grew at a slower pace of 5.3 percent in the three months to April from the previous year. The rate came in line with expectations.
During three months to May, the number of...