The UK's jobless rate unexpectedly declined in the three months to August amid a drop in job vacancies and "relatively stable" regular wage growth, data from the Office for National Statistics showed Tuesday. The unemployment rate for people aged 16 years and over stood at 4.7% in the three months to August, down from 4.9% in the prior three-month period and below the consensus estimate of 4.9%. Meanwhile, the employment rate for people aged 16 to 64 years was 75.3% during the quarter to August. "While the labour market remains broadly flat in 2026, data from the latest quarter shows the employment rate edging up and a small drop in unemployment.
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