Economists predict unemployment will remain elevated at or near a decade-high level in 2026, driven by the Middle East conflict and rising stagflation risks, with labour market recovery now expected to occur in 2027.
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slight improvement from peak level
Unemployment rate drops slightly to 5.3 percent in first quarter of yeareconomic data shows prolonged joblessness
Unemployment set to stay at near-decade high, economists saySpotted something wrong on this page? Report a correction.