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flag UK unemployment rate hits 4.6%, its highest since July 2021, as payroll numbers drop sharply.

flag The UK's unemployment rate climbed to 4.6% in the three months to April, its highest since July 2021, according to the Office for National Statistics. flag Workers' pay growth also slowed, with average regular earnings falling to 5.2%. flag This coincides with rising national insurance contributions and a minimum wage hike. flag Payroll data dropped by 109,000, the biggest drop in five years, raising concerns about future job cuts.

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