The UK unemployment rate dropped in the three months to April, as businesses increased hiring in response to the easing of restrictions related to the coronavirus pandemic, official data revealed Tuesday.
The unemployment rate dropped 0.3 percentage points quarterly to 4.7 percent in three months to April, the Office for National Statistics reported. The rate came in line with economists' expectations.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.