The UK’s unemployment rate fell slightly to 4.7 percent in August, in line with expectations.
Average weekly earnings surged by 8.8 percent in the three months to June, suggesting labour shortages in some sectors.
Richard Carter, head of fixed interest research at Quilter Cheviot, described this news as “music to the ears of the Treasury and the Bank of England”.
“The number of payrolled employees increased by 182,000 in July 2021, which means that w...
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