(Office for National Statistics) The UK recorded a lower unemployment rate of 4.7% between April and June quarter, down 0.2% from the previous quarter, and better than expected 4.8%.
The employment rate recorded a 0.3% increase to 75.1% as job vacancies rose to a record high.
Payroll employees also increased by 182,000 to hit 28.9% in July this year but remains 201,000 below those of pre-pandemic levels.
Average weekly pay rose to the highest on record since 2001, with a rate of 8.8% in June, from 7.4% in May, exceeding the Bank of England’s forecasted 8.5%.
The economic inactivity rate went down by 0.2% from the previous quarter to 21.1%.
Analysts project that the uptick in UK employment could slow down once the furlough scheme ends, with the job figures also fueling wage-spiral inflation concerns.
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