The UK has had a record jump in the number of people leaving the labour market in the three months to August, with the number of people not looking for work due to long-term illness also hitting a new high, according to the latest labour data..
Newly released figures from the Office for National Statistics (ONS) show that the unemployment jobless rate fell to 3.5% in the three months to August. Regular pay continues to grow at high nominal rates such as 5.4% for the whole economy in the year to June-August.
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