OBR raises UK unemployment estimates amid ‘worrying’ increase in young people out of work - short news
Unemployment is now predicted to reach 5.3% this year, up from the previous forecast of 4.9%
Unemployment in the UK is set to peak this year at a higher rate than previously estimated, with a “worrying” increase in young people being out of work, the government’s official forecaster has said.
The Office for Budget Responsibility (OBR) said unemployment will peak at 5.3% this year, up from its previous forecast in November of 4.9%.
Continue reading...source: The Guardian - 03.03.2026