UK unemployment at lowest level since 1975
Unemployment in the UK fell to its lowest level in 43 years even as wage growth remains subdued. The Office for National Statistics (ONS) reported that the jobless rate in June fell to four per cent. This is below the 4.2 per cent level forecast by economists. However, pay growth slowed to its weakest in almost a year as wage inflation cooled in the second quarter of 2018, ONS figures showed. The trend in earnings confounded predictions from the Bank of England that a tighter labour market would intensify pay pressures... Читать дальше...