UK unemployment rate drops to 4.5% as vacancies hit record, but pay growth slows – business live

UK unemployment rate drops to 4.5% as vacancies hit record, but pay growth slows – business live:

Rolling coverage of the latest economic and financial news

• Unemployment dipped again in June-August
• UK payrolls hit record high over 29m
• Vacancies at record level
• Pay growth slowed, but still ahead of inflation
• ONS: The labour market continues to recover

In September alone, there were almost 1.2 million vacancies across the UK, the ONS says, which a record high.

This chart shows vacancies over the July-September quarter also soared to a record (at 1,102,000):

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