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UK unemployment rises to 4.5%, job vacancies drop, as wage growth slows amid rising costs.
The UK's unemployment rate has risen to 4.5%, a near four-year high, as wage growth slows to 5.6% year-on-year.
The number of job vacancies has dropped by 42,000, remaining below pre-pandemic levels.
This labor market slowdown is partly due to increased employee costs from rising national insurance contributions and the minimum wage hike.
Despite the cooling market, wages still outpace inflation by 2.6%.
The Bank of England may cut interest rates further in response.
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El desempleo en el Reino Unido se eleva al 4,5%, las vacantes de empleo disminuyen, ya que el crecimiento de los salarios se ralentiza en medio del aumento de los costos.