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Unemployment rate unexpectedly drops as wage growth declines

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August 13, 2024
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The latest data from the Office for National Statistics (ONS) revealed that wages are still on the rise, but at a slower pace than the previous month, as the unemployment rate surprisingly fell. According to the ONS, pay, excluding bonuses, grew by 5.4% in the three months leading up to June, down from the 5.8% growth seen in the previous month. While this figure is still strong…

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