Surprise drop in UK unemployment to 4.7% as John Healey’s first budget looms

Economy The Guardian By Phillip Inman Senior economics writer and Graeme Wearden 20 Oct 2026 08:39 1 min read
Surprise drop in UK unemployment to 4.7% as John Healey’s first budget looms

Latest ONS data presents mixed picture amid slump in job vacancies and analysts warning labour market is ‘running on idle’ Healey to reject calls to raise CGT in budget Unemployment in the UK has fallen unexpectedly in the final snapshot of the jobs market before John Healey’s first budget next week. The jobless rate fell to 4.7% in the three months to August, from 4.9%, according to the Office for National Statistics. City economists had forecast a rise to 5%. Continue reading...

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