UK unemployment falls to six-year low

clock

The UK unemployment rate fell from 6.2% to 6% in the three months to August, hitting a six-year low, according to the Office for National Statistics (ONS).

The figure, below the 6.1% headline rate expected by economists, is the lowest level of unemployment since late 2008. At the same time, however, the ONS said today employment growth stood at its slowest level in a year. Growth stood at 46,000 for the three-month period, the lowest level since March-May 2013. Wage growth showed signs of improvement, but average weekly earnings growth of 0.7%, up from 0.6% in the three months of July, remains below September's CPI inflation rate of 1.2%.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Trustpilot