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UK Unemployment Rate Falls to 4.7% in June–August as Job Vacancies Slide Further, ONS Reports
The ONS said unemployment fell to 4.7% as vacancies dropped 21,000 to 691,000, the lowest level in five years.
- The unemployment rate fell unexpectedly to 4.7% in the three months to August, beating market expectations of 5.0%, according to the Office for National Statistics .
- Employment rose from 75.1% to 75.3% compared with the previous quarter, reflecting a slight tightening in the labor market despite broader economic flatness.
- Vacancies fell by 21,000 to a fresh five-year low of 691,000 in the three months to September, indicating sluggish hiring demand across the economy.
- ONS deputy director David Freeman said "regular wage growth remained relatively stable," though total pay including bonuses has eased to its lowest rate in nearly six years.
- More timely data suggests workers on payrolls increased by about 13,000 between August and September, potentially signaling stabilization in hiring after months of sluggish growth.
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UK Job Vacancies Fall to 12-Year Low Outside Covid Despite Drop in Unemployment
Internewscast Internewscast Britain’s jobs market has flashed a “red light”, with new figures showing… This Post: UK Job Vacancies Fall to 12-Year Low Outside Covid Despite Drop in Unemployment first appeared on Internewscast
Coverage Details
Total News Sources20
Leaning Left1Leaning Right1Center6Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
13%
C 75%
12%
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