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May 16, 2023UK UNEMPLOYMENT RATE, JANUARY 2023 TO MARCH 2023 
The UK Office for National Statistics reported today that the unemployment rate for the three-month period January 2022 to March 2023, increased to 3.9% This was up from the 3.7% average from October to December 2022 and from the 3.7% reported for the same period a year ago. The UK unemployment rate is rising because labour force increases are outpacing growth in employment.
There were 1.329 million unemployed people in the UK, 70,000 more than from a year earlier. Employment in the UK was at 32.995 million, 363,000 million more compared to a year earlier.
Source: UK Labour Market Statistics; Statistics Canada. Table 14-10-0287-01 Labour force characteristics, monthly, seasonally adjusted and trend-cycle, last 5 months
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