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UK unemployment at lowest since 1975

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UK unemployment fell by 65,000 to 1.36 million in three months to June – the lowest for more than 40 years, official figures from the Office for National Statistics (ONS) show.

They also show a rise in productivity, but a slowdown in wage growth.

Wages, excluding bonuses, grew by 2.7% in the three months to June, compared with a year ago. The ONS figures also showed the number of European Union nationals working in the UK fell by a record amount.

The fall was the largest annual amount since records began in 1997. It UK unemployment at lowest since 1975 continues a trend seen since the 2016 Brexit vote.

The unemployment rate fell to 4% in the quarter to June. That was the lowest since February 1975 and better than the figure expected by economists.

Taken from the BBC – https://www.bbc.co.uk/news/business-45181079

 

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