The Rise in Unemployment and the Risk of a “Broken Ladder” Emerging
It was recently reported that the UK unemployment rate rose to 5.2% going into 2026. This is the highest rate in 5 years. On its own, this number isn’t that worrying, but when looking at this through the lens of young people, there is a risk of a broken ladder emerging. This rise in unemployment has been gradual. Over recent quarters, job vacancies have fallen, wage growth has slowed and the number of people competing for each role has increased.
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