The UK’s unemployment rate edged up to 4.4% in December 2024, reflecting a continued upward trend since mid-2022, according to the Office for National Statistics (ONS).
The UK’s unemployment rate rose to 4.4% in December 2024, up from 4.3% in the previous quarter, according to the Office for National Statistics (ONS).
The economic inactivity rate stood at 21.5%, while the employment rate also saw an increase, reaching 74.9%. As of December, the number of unemployed individuals stood at 1.56 million, while the total employed workforce amounted to 33.85 million.
The ONS highlighted that after a steady decline in unemployment since late 2013, the rate spiked during the COVID-19 pandemic. While it subsequently fell below pre-pandemic levels by mid-2022, unemployment has been on an upward trajectory since.
For context, the unemployment rate was 3.6% in mid-2022, rising to 3.9% by December 2023 and further increasing to 4.1% at the start of 2024.
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European countries and the United States presented a united front in support of Ukraine, unveiling security guarantees backed by Washington and a detailed plan for long-term assistance contingent on a ceasefire with Russia.
Britain’s King Charles III said on Friday, 12 December, that his cancer treatment is expected to be reduced in the coming year, using a televised address to urge people across the country to take part in cancer screening programmes, officials confirmed.
U.S. President Donald Trump has ruled out ordering a mission to capture Russian President Vladimir Putin, saying he is confident the war in Ukraine can be brought to an end.
Bob Weir, the rhythm guitarist, songwriter and co-founder of the Grateful Dead, has died at the age of 78, his family has said.
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China, Russia and Iran have begun a week-long joint naval exercise in South African waters, a move that comes amid strained relations between Washington and several members of the expanded BRICS bloc.
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The U.S. dollar has strengthened against major peers on Tuesday, while the euro fell following slower-than-expected inflation in Europe. Market movements were relatively subdued as investors focused on upcoming U.S. economic data.
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India’s largest oil refiner, Indian Oil Corporation (IOC), has taken a significant step towards diversifying its crude oil supply by purchasing Colombian crude, from state oil company Ecopetrol, for the first time.
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