Despite the uncertainty revolving around Brexit, the UK employment rate remained at a record high and the jobless rate was at its lowest level since late 1974, reflecting strong labor market conditions, the Office for National Statistics reported Tuesday.
In the three months to July, the ILO jobless rate remained unchanged on quarter, at 3.8 percent, but slightly below the expected rate of 3.9 percent.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.