4.3%: UK unemployment falls to 42-year low

LONDON — UK unemployment fell to its lowest level since 1975, according to data from the Office of National Statistics.

The unemployment rate fell to 4.3% in the three months to July, down from 4.4% in the previous quarter and 4.9% a year earlier.

The employment rate, which measures the proportion of people aged 16-64 in work, hit 75.3% — the highest since comparable records began in 1971.

In total, there are 32.1 million people at work in the UK, according to the figures, or 181,000 more than the previous quarter.

Wage growth was unchanged at 2.1%, as the UK’s pay squeeze depends. Real wage growth is falling, after inflation came in at 2.9%.

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