10:45 AM EDT, 10/28/2026 (MT Newswires) -- The UK's Office for Budget Responsibility expects the unemployment rate to edge up to 5.1% in 2027 from 5% in 2026, according to its latest economic and fiscal outlook report published Wednesday. The unemployment rate is forecast to peak at "just above" 5% in the second quarter of 2027, marginally lower than the OBR's previous estimate in March 2026. It is then projected to gradually decline to 4.9% in 2028, 4.5% in 2029 and 4.3% in 2030.

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