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    You are at:Home»News»International»Unemployment rate dips to 4.7% while earnings growth rises to 3.7% one week before the Budget
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    Unemployment rate dips to 4.7% while earnings growth rises to 3.7% one week before the Budget

    Papa LincBy Papa LincOctober 20, 2026No Comments1 Min Read1 Views
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    Unemployment rate dips to 4.7% while earnings growth rises to 3.7% one week before the Budget
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    By MARK DUELL, DEPUTY CHIEF REPORTER

    Published: 02:12 EDT, 20 October 2026 | Updated: 02:25 EDT, 20 October 2026

    The UK unemployment rate for people aged 16 years and over was estimated at 4.7 per cent in June to August 2026, the Office for National Statistics (ONS) said today.

    This is down by 0.1 percentage points on both the year and the latest quarter.

    The ONS added that UK average regular earnings growth rose to 3.7 per cent in the three months to August and was 0.8 per cent higher after taking Consumer Prices Index inflation into account.

    It comes just over a week before Chancellor John Healey Budget delivers the next Budget on October 28. 

    More to follow 

    Unemployment rate dips to 4.7% while earnings growth rises to 3.7% one week before the Budget

    ONS data shows the UK unemployment rate for people aged 16 and over, seasonally adjusted

    The UK average regular earnings growth rate as a three-month average, seasonally adjusted

    The UK average regular earnings growth rate as a three-month average, seasonally adjusted

    PM Andy Burnham and Chancellor John Healey at the Labour Party conference last month

    PM Andy Burnham and Chancellor John Healey at the Labour Party conference last month



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