UK unemployment rate falls to 40-year low
UK unemployment fell to a 42-year low of 4.5% for the three months to May, down from the 4.6% the month before, where it was expected to remain.
Weekly average earnings excluding bonuses for the three-month period rose to 2.0% from 1.8% a month before, better than the consensus estimate of 1.9%.
Total average wage growth including bonuses softened to 1.8% from 2.1%, though this was expected. ■