The UK unemployment print for December to February came in hot at 4.2%, overshooting market consensus of a flat 4%.
It was the highest rate since August 2023, driven by a decrease in part-time employees.
The number of full-time workers increased during the quarter, as did the number of people in employment with second jobs, accounting for 3.6% of all workers.
The higher-than-anticipated numbers will be highlighted by dovish policymakers as a sign that the UK economy is cooling and therefore the first interest rate cut can get serious consideration.
