Unemployment is set to peak later this year and then drop, Rachel Reeves has said.The Chancellor told the Commons: "I know that the economy is not yet working for everyone and that the deep economic scars left by the party opposite (the Conservatives) and their mates in Reform are still blighting the lives of too many people."In today's forecasts, unemployment is set to peak later this year and then fall in every year of the forecast period, ending the forecast period at 4.1% - lower than it wa

Unemployment is set to peak later this year and then drop, Rachel Reeves has said.The Chancellor told the Commons: "I know that the economy is not yet working for everyone and that the deep economic scars left by the party opposite (the Conservatives) and their mates in Reform are still blighting the lives of too many people."In today's forecasts, unemployment is set to peak later this year and then fall in every year of the forecast period, ending the forecast period at 4.1% - lower than it was at the start of the Parliament, but young people in particular are still suffering from the aftermath of years of Tory mismanagement."