The UK harmonised unemployment rate for Q4 2023 was 3.8%, down from 4.1% in Q3 2023.

This was above Germany (3.1%) and the US (3.7%) but below France (7.5%).

Youth (aged 15-24) unemployment is a major issue in many developed economies at present. In Q4 2023, the youth unemployment rate was 28.8% in Spain and 28.2% in Greece. It was 11.6% in the UK.

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