Surprise drop in UK unemployment to 4.7% as John Healey’s first budget looms
by Phillip Inman Senior economics writer and Graeme W from World news | The Guardian on (#795ST)
Latest ONS data presents mixed picture amid slump in job vacancies and analysts warning labour market is running on idle'
Unemployment in the UK has fallen unexpectedly in the final snapshot of the jobs market before John Healey's first budget next week.
The jobless rate fell to 4.7% in the three months to August, from 4.9% according to the Office for National Statistics. City economists had forecast a rise to 5%.
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