Unemployment Rate Falls in the UK
According to the Office for National Statistics (ONS), the rate fell by 0.1 percentage points compared with the previous quarter.
The unemployment rate in the United Kingdom fell to 4.7% in the three-month period from June to August. According to the Office for National Statistics (ONS), the figure decreased by 0.1 percentage points compared with the previous quarter.
During the same period, the country's employment rate rose by 0.2 percentage points to 75.3%.
Wage growth showed signs of slowing. Annual growth in average wages excluding bonuses remained stable at 3.7%. Including bonuses, annual wage growth also fell to 3.7%. This was the lowest level recorded in the past 6 years.
David Freeman, Deputy Director for Labour Market Statistics at the ONS, said that the UK's labour market had remained relatively stable overall in 2026. According to him, although unemployment had edged down, wage growth had weakened compared with previous periods.
The data indicate that employment levels in the country have remained relatively stable, while the pace of wage growth has slowed.