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Britain's unemployment rate falls to another record low — but real wage growth is still dropping

Unemployment rate drops to 4.4% from 4.5%, marking its lowest level since comparable records begin in the 1970s. Employment rate hits a new record high of 75.1%. However, real wage growth declines, with wages growing just 2.1% against inflation of 2.6%. LONDON — Unemployment in the UK dropped to a new low in July, but real wage growth continued to fall as the impact of post-Brexit vote inflation hits the average British household, according to the latest numbers from the Office for National Statistics.
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