ONS latest | UK jobs market 'begins to cool' as expert calls for HR solutions

The UK jobs market is “beginning to cool”, with wage growth still high and more people dropping out of the workforce, according to new data.

The latest Office for National Statistics (ONS) figures reveal that the unemployment rate jumped to 4.2% from 3.9% in February, which is the highest level in nearly six months. These latest figures indicate that economic uncertainty is taking its toll on UK employment.

Core wages rose by the least since mid-2022 in the three months to February but remained strong by historical standards

The ONS said there are "tentative signs that the jobs market is beginning to cool".