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UK Unemployment Rate Falls; Pay Growth Exceeds Expectations

The UK unemployment rate dropped in the second quarter as employers hired more staff after the economy emerged from the Covid lockdown, lifting job vacancies to a record high and driving pay growth higher.

The unemployment rate dropped 0.2 percentage points to 4.7 percent in the second quarter, the Office for National Statistics reported Tuesday. The rate was expected to remain unchanged at 4.8 percent.

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by RTTNews Staff Writer

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