U.K. Unemployment Falls; Payrolls Surge to Record High

U.K. unemployment fell to the lowest level in more than five years as the strengthening economic recovery boosted payrolls by a record.

The jobless rate dropped to 6.6 in the three months through April from 6.8 percent in the first quarter, the Office for National Statistics said in London today. While employment rose 345,000, the biggest increase since records began in 1971, the data also showed wage growth slowed.