The UK unemployment rate declined and job vacancies rose to a record level, underscoring the recovery in the labor market as the end of furlough scheme had little impact, the Office for National Statistics said on Tuesday. The unemployment rate decreased 0.5 percentage points on the quarter to 4.3 percent in the third quarter, the labor force survey revealed. The expected rate was 4.4 percent.
At the same time, the employment rate increased 0.4 percentage points to 75.4 percent.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.