Economics
U.K. Job Market Weakens as Election Battle Heats Up
- Employment falls, vacancies post biggest decline since 2009
- Data will fuel debate over economy ahead of Dec. 12 vote
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The U.K. economy lost jobs in the third quarter and vacancies posted their largest annual decline since the financial crisis, just as the country faces a snap general election.
The figures from the Office for National Statistics provide further evidence that Brexit uncertainty is finally hitting the labor market, which has defied the wider economic troubles since the 2016 vote to leave the European Union and supported consumer spending.