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Skip to content All News Sport Culture Lifestyle The UK unemployment rate fell to 4.7 per cent in the three months to August, but job vacancies dropped by 21,000 to a five-year low (Alamy/PA) The UK unemployment rate fell to 4.7 per cent in the three months to August, reaching its lowest level in more than a year. Job vacancies dropped by 21,000 to a five-year low of 691,000 in the three months to September, driven by rising costs and hiring uncertainty. Average regular earnings growth rose to 3.7 per cent in the three months to August, achieving a 0.8 per cent increase above inflation.
Work and Pensions Secretary Pat McFadden highlighted the labour market's strength while committing to 200,000 youth jobs via hospitality and retail partnerships. Business groups urged Chancellor John Healey to cut National Insurance for young workers and reduce taxes on firms in the upcoming Budget. In full UK unemployment falls to lowest in a year — but vacancies hit five-year low More bulletins Thank you for registering Please refresh the page or navigate to another page on the site to be automatically logged in Please refresh your browser to be logged in
Source: The Independent
