Wage growth hits lowest level since November 2020; unemployment rate unexpectedly falls - business live

Rolling coverage of the latest economic and financial newsHere’s the ONS chart showing the unexpected fall in the UK’s unemployment rate in the three months ended in February – though it does not include the impact of the Iran war, which started at the end of that month.The impact of the war is expected to hurt the labour market in the coming months. The EY Item Club has forecast that unemployment will hit 5.8% by the middle of 2027, with almost 250,000 more people losing their jobs because of t...