UK unemployment rate dropped to 3.8% in the three months to July, down from 3.9% and beat expectation of 3.9%. That’s also the lowest level since 1974. estimated unemployment rate for men was at 4.0%, for women at 3.6%.
Wage growth was also solid. Average weekly earnings including bonus rose 4.0% 3moy, above expectation of 3.7% 3moy. Weekly earnings excluding bonus slowed to 3.8% 3moy, matched expectations.
