Jobs
UK Workforce Dropouts Reduce Unemployment to Lowest Since 1974
- Long-term sickness and return to education drive up inactivity
- Wages growing faster than the pre-pandemic trend rate
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Britain’s unemployment rate fell to the lowest since 1974 as more people dropped out of the workforce, fanning upward pressure on wages.
The government said 3.6% of adults were out of work and looking for jobs in the three months through July, lower than the 3.8% pace in the previous months. Economists had expected no change.