U.K. Jobless Rate Lowest Since Late 2008

The U.K. unemployment rate fell to the lowest since late 2008, data from the Office for National Statistics showed Wednesday.

The jobless rate fell to 6 percent during June to August, the lowest since late 2008 and down from 6.5 percent seen in March to May period. Economists had forecast a rate of 6.1 percent.

During June to August, there were 1.97 million unemployed, 538,000 fewer than a year earlier. This was the largest annual fall in unemployment since record began in 1972.

The claimant count rate fell to 2.8 percent in September as expected, from 2.9 percent in August.

The number of people claiming jobseeker's allowance decreased by 18,600 from August, while economists expected a 35,000 decline.

Pay including bonuses was 0.7 percent higher than a year earlier, in line with expectations. Excluding bonus, earnings climbed 0.9 percent from last year.

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