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UK unemployment falls as wages growth hits lowest in two years
The UK jobs market bucked predictions of a further weakening in June after official figures showed unemployment fell and wages stayed well above inflation, sending the value of the pound higher. Unemployment unexpectedly dropped to 4.2% from 4.4% in the three months to June from the previous three months, according to data from the Office for National Statistics (ONS) released on Tuesday. Wage growth, excluding bonuses, was 5.4% year on year over the three months to June, slipping from 5.7% in the previous three months. The drop represented the smallest increase since July 2022, when it was 5.2%, but was well above ... (full story)