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British unemployment unexpectedly dropped again in August - to the lowest level in 7 years

Oct 14, 2015, 14:04 IST

A man prepares a meal near a REUTERS/Robert Galbraith

British unemployment tumbled again in August, falling to 5.4% - the lowest since August 2008.

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Analysts expected no move in unemployment from 5.5%.

Earnings were a little weaker than analysts expected, with wages excluding bonuses up by 2.8% year-on-year, and up 3% including bonuses.

Analysts were expecting earnings to have increased by 3.1% including bonuses, and regular pay to have risen 3%.

In real terms, with UK consumer price inflation bumping around zero, pay increases that would previously have been modest are much more impressive.

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