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

"UK Economy Sees Slight Bounce Amid Global Uncertainty: As the world breathes a sigh of relief with the Iran war peace deal, the UK's economic landscape is witnessing a subtle yet significant shift. Latest unemployment figures reveal a surprise drop to 4.9% in the three months to April, down from 5% in March. Meanwhile, wages have seen a welcome increase, further fueling speculation that the Bank of England may be forced to raise interest rates to keep pace with the strengthening economy. With inflation still a concern, the central bank's next move is being closely watched, and this latest data may be the tipping point that sparks a rate hike."

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 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. Continue reading...