The UK's unemployment rate has hit its highest level in almost five years, according to official figures.
Data from the Office for National Statistics (ONS) show unemployment climbed to 5.2% - an increase from 5.1% in the three months to November.
It comes after wage growth slowed in the same period across the country.
The UK economy has struggled with a decline of slower hiring as businesses continue to cut back due to rising costs.
The ONS said figures reflected "weak hiring activity", but also that more people who are out of work are now looking for jobs.
Reacting to the latest figures, Patrick Milnes, Head of People and Work Policy at the British Chambers of Commerce, said: “Last year, businesses were hit hard by the increase in National Insurance contributions, and many are now facing further rises in the National Living Wage alongside higher business rates.
"Our research shows that labour costs remain the biggest cost pressure for businesses, cited by 72% of businesses.
“Against this background it is unsurprising they are holding off hiring. Especially as the imminent introduction of new Employment Rights legislation adds additional complexity to the picture.
“While the Spring Statement will provide a fuller update on the economic outlook, businesses are clear they want to see concrete action to reduce costs, boost exports and encourage investment.”
FSTE100
The UK's flagship share index, the FTSE 100, was up 35 points at 10,500 shortly after opening this morning.
Brent crude oil futures were up 0.60% at $67.00 a barrel.
Companies reporting today
- Antofagasta - Full Year Results
- Coca-Cola Europacific Partners - Full Year Results
- InterContinental Hotels Group - Full Year Results