05-February-2026
Economy News
 
UK Unemployment Set to Hit 11-Year High in 2026, NIESR Forecasts
04-Feb-2026

British unemployment is likely to rise to its highest since 2015 this year, partly due to a rising minimum wage and last year's increase in a tax on employers, a leading think tank said on Wednesday. The National Institute of Economic and Social Research forecast that the jobless rate would average 5.4% this year, up from 4.8% in 2025 and higher than predicted by most forecasters.

News Source:- https://money.usnews.com/investing/news/articles/2026-02-03/uk-unemployment-set-to-hit-11-year-high-in-2026-niesr-forecasts
 
 
 

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