UK Unemployment Rate Unexpectedly Drops - RTTNews

The UK unemployment rate unexpectedly declined in the three months to August amid an increase in payroll employment and a moderate rise in pay growth, strengthening prospects for a Bank of England interest rate hike in November. The ILO unemployment rate stood at 4.7 percent in the June to August period compared to 4.9 percent in the preceding period, the Office for National Statistics reported Tuesday. Subscribe to continue reading the article. This article is part of our premium content offering.Subscribe with a RTTNews subscription. Subscribe Now Already subscribed? Sign in by Renju Jaya For comments and feedback: contact editorial@rttnews.com The ILO unemployment rate stood at 4.7 percent in the June to August period compared to 4.