Britain's unemployment rate rose to 4.3 percent in the three months to the end of July, official data showed, while salary increases remained at a record high. The unemployment rate stood at 4.2 percent at the end of the second quarter of this year, which ended in June.
Average wages excluding bonuses increased 7.8 percent year-on-year from May to July, the fastest pace since records began in 2001.
"Wage growth remains high, partly reflecting the payment of public sector salaries all at once, and for real wages to grow sustainably we must stick to our plan to halve inflation," said Chancellor of the Exchequer Jeremy Hunt."
Source (Al Khaleej Emirati Newspaper, Edited)
