UK labour market shows signs of stabilising after job losses
by Richard Partington Senior economics correspondent from on (#70QZ3)
Unemployment rate rises slightly to 4.8% but ONS says falls in payroll numbers and vacancies are levelling off
Britain's employment market has shown signs of stabilising after a sharp rise in job losses earlier this year blamed on tax rises introduced by Rachel Reeves.
As the chancellor prepares for her 26 November budget, figures from the Office for National Statistics (ONS) showed the unemployment rate rose to 4.8% in the three months to August, up from 4.7% in July. City economists had forecast the rate to remain unchanged.
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