Payroll numbers and vacancies keep sliding as unemployment creeps up after Rachel Reeves’ huge tax raid on businesses

The official figures emerged today, the unemployed rate of England has affected the highest level for four years for four years.

National Statistics Office (Ones), the UK unemployment rate in May from three months to 4.6 percent in May from April to 4.7 percent, he said.

He said that it has pointed out the highest level since June 2021 – the data comes at a rocky time for Rachel Reeves, which is located after the tax raid on businesses.

In the meantime, ounces, except for bonuses, the average earning growth slowed down until May 5 percent – it slows down to the lowest level for almost three years, he said.

More data showed 727,000 work gaps in April -June, and fell 56,000 in a quarter. In the last three years, there has been a decrease every month every three months.

And in May, the review of the employees on the payroll fell 25,000 per month. Temporary forecast for last month fell 41,000.

The figures indicate more pressure in the British labor market days after warning that the Bank of England is ready to make larger interest rate deductions if the bank’s labor market is slowing down.

Ones Economic Statistics Director Liz McKEANNEN said: ‘The labor market continues to weaken, although the number of employees in the payroll is again, the revised tax data shows that the decline is less pronounced in recent months than previously predicted.

‘Wage growth has again fell in cash and in real terms, but both measures remained relatively strong compared to historical standards.’

When Ms. Reeves meets other financial ministers in South Africa, she will use England as a ‘stability light’.

While the Chancellor continues to continue to grow economic, the government will meet his colleagues in the G20 in Durban today and tomorrow.

After increasing 0.7 percent in the first three months of 2025, the UK economy has shrunk in the face of global and internal challenges since then, while inflation reached the highest level of 18 months in June.

Meanwhile, global uncertainty continues with the threat of US tariffs and the ongoing impact of the war in Ukraine.

Ones said the UK unemployment rate rose from three months to 4.7 percent in May.

The average earnings growth of the UK slowed down to 5 percent until May, except for bonuses.

Government Minister Jess Phillips said today that turning the economy would ‘take a long time’.

He told the Interior Minister Sky News: ‘Fourteen years of stagnant growth is not something that changes overnight and therefore we should focus on investing in England.’

Unemployment figures are ‘worrying’, but the government is trying to create economic growth ‘, he said.

“Some of these things will take a great time when we have decades of stagnant growth, but as a deputy of an election region, these things are always worried as a citizen of the UK,” he said.

However, he added: ‘Hundreds of thousands of new businesses have been created in the last 10 months and wages have increased faster than they have increased in the last 10 years.’