By Maria MartinezThe U.K.'s unemployment rate decreased in the three months to August and pay growth accelerated, signaling that the country's job market remained tight. The U.K.'s unemployment rate was 3.5% in the three months to August, down from a revised 3.8% in the preceding three-month period, data from the Office for National Statistics showed Tuesday. Economists polled by The Wall Street Journal expected the jobless rate at 3.6%. Average weekly earnings excluding bonuses in the three months to August rose 5.4% on year, more than the 5.2% increase registered in the preceding three-month period. Write to Maria Martinez at maria.martinez@wsj.com-(END) Dow Jones Newswires10-11-22 0305ETCopyright (c) 2022 Dow Jones & Company, Inc.

Source: Wall Street Journal October 11, 2022 19:17 UTC