UK ILO Unemployment Rate drops to 3.5% in August vs. 3.6% expected

• The Unemployment Rate in the UK arrived at 3.5% in August.
• UK Claimant Count Change came in at +25.5K in September.
• The UK wages excluding bonuses rose by 5.4% YoY in August vs. 5.3% expected.

The UK’s official jobless rate dropped to 3.5% in August vs. the 3.6% expected while the claimant count change showed an unexpected jump in the reported month, the data from the Office for National Statistics (ONS) showed on Tuesday.

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