The UK unemployment rate dropped in the three months to October even after the government's furlough scheme ended in September, and job vacancies increased to a new record high, the official data showed on Tuesday.
The unemployment rate dropped to 4.2 percent during August to October, the Office for National Statistics said. The rate came in line with economists' expectations and down from 4.3 percent in three months to September.
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Business News
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.