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. Last Updated: 07/27/2016

UK Jobless at New Low




LONDON -- British unemployment fell a massive 32,900 in July, taking the jobless rate to 4.3 percent, a new 19-year low, official figures showed Wednesday.


The Office for National Statistics said average earnings growth ticked up to 4.4 percent in the three months to June from 4.3 percent in May, well above the expected 4.1 percent rate. The monthly rate for July alone was 5.2 percent.


Analysts said the slump in the number of Britons claiming unemployment benefit - which had been expected to fall a more modest 5,500 - highlighted the inflationary risks in the economy.