LONDON — Unemployment in the UK dropped to a new low in July, but real wage growth continued to fall as the impact of post-Brexit vote inflation hits the average British household.
Headline unemployment dropped from 4.5% to 4.4% during the month, beating expectations that the rate would remain unchanged. In real terms, that means 57,000 fewer unemployed people in country in the month.
Wage growth, in real terms, however, fell by 0.5%.
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