U.K. Jobless Rate Falls Amid Signs Labor Market May Be Cooling

Updated on
  • Jobless rate falls to 4.8% in third quarter, least since 2005
  • Employment rises just 49,000 versus 172,000 gain in 2Q

An employee fits a wheel to a Mini inside the company's final assembly plant in Oxford.

Photographer: Chris Ratcliffe/Bloomberg

U.K. unemployment fell to its lowest rate in 11 years in the third quarter but there are signs that the labor market is slowing in the wake of the Brexit vote.

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