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The unemployment rate increased from 3.8 percent in the three months to the end of April, the Office for National Statistics (ONS) said in a statement. The rate was back at four percent for the first time since the start of 2022. Analysts' consensus had been for unemployment to remain at 3.8 percent.
UK unemployment rose back to four per cent in the three months to the end of May, official data showed Tuesday, as the economy struggles with stubbornly-high inflation.
U.S. stocks rallied hard on Tuesday finishing the day around the session's highs.
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U.S. stocks rallied hard on Tuesday finishing the day around the session's highs.