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Unemployment Rate

Name: Unemployment Rate
Creator: TipRanks

The 'Unemployment Rate' in the UK measures the percentage of the labor force that is jobless and actively seeking employment. It is a crucial indicator of economic health, influencing monetary policy and consumer confidence. A rising unemployment rate can signal economic distress, potentially leading to lower consumer spending and investment, while a declining rate may indicate economic growth. Financial markets closely watch this metric, as it can affect interest rates, currency value, and stock market performance.