UK unemployment rate drops to 4.7% in June-August period
In the UK, the unemployment rate fell to 4.7% during the three-month period from June to August, while the employment rate rose to 75.3%.
According to labor market data for the June-August period published by the UK Office for National Statistics (ONS), the country's unemployment rate decreased by 0.1 percentage points on both an annual and quarterly basis, coming in at 4.7%.
According to data from the UK Office for National Statistics (ONS), the employment rate increased by 0.2 percentage points to 75.3% in the three-month period covering June to August.
During the same period, the annual growth rate in regular wages of employees remained flat at 3.7%, while the annual growth rate in wages including bonuses fell by 0.2 percentage points on a quarterly basis to 3.7%.
David Freeman, ONS Deputy Director of Labour Market Statistics, stated that the country's labor market has followed a fairly flat course in 2026, a small decline was observed in the unemployment rate, and wage growth including bonuses occurred at its lowest level in the last 6 years.
Sources
- bloomberght.com · Link