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UK unemployment rate falls to 4.9% and wages grow more than expected

Drop will put pressure on Bank of England to raise interest rates despite peace deal in Iran warBusiness live – latest updatesUnemployment fell and wages increased in April, official figures showed, putting pressure on the Bank of England to raise…

This article was originally published by The Guardian World and is republished here under license.

Drop will put pressure on Bank of England to raise interest rates despite peace deal in Iran war

Unemployment fell and wages increased in April, official figures showed, putting pressure on the Bank of England to raise interest rates despite a peace deal in the Middle East.

The latest figures from the Office for National Statistics (ONS) showed unemployment slipped to 4.9% in the three months to April from 5% in the three months to March.

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