The UK unemployment rate hit a 48-year low in the three months ended July largely due to a decline in the workforce size, data published by the Office for National Statistics showed Tuesday. The unemployment rate fell to 3.6 percent in three months to July, which was the lowest since May to July 1974. The rate was forecast to remain unchanged at 3.8 percent.There was an increase in inactive catego...
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.