UK unemployment falls to 4.7% ahead of Budget, AJ Bell says
TLT•UK unemployment fell to 4.7% in the three months to August. Markets priced a 95% chance of a November Bank of England rate hike, while total pay growth slowed to 3.7%.
1. Labor market indicators
Payrolled employment edged up over the past month but declined over the quarter. Vacancies fell at their fastest pace since the start of the year, reaching levels last seen during COVID.
