Global Economic News

UK Jobless Rate Hits 48-Year Low

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.

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by Renju Jaya

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