The Aporia
Duell, M. (2026, October 20). Unemployment rate dips to 4.7% while earnings growth rises to 3.7% one week before the Budget. Daily Mail. https://www.dailymail.com/news/article-16222625/Unemployment-rate-dips-earnings-growth-rises-Budget.html?ns_mchannel=rss&ns_campaign=1490&ito=1490
Duell, Mark. “Unemployment rate dips to 4.7% while earnings growth rises to 3.7% one week before the Budget.” Daily Mail, 20 Oct. 2026, https://www.dailymail.com/news/article-16222625/Unemployment-rate-dips-earnings-growth-rises-Budget.html?ns_mchannel=rss&ns_campaign=1490&ito=1490.
Duell, Mark. “Unemployment rate dips to 4.7% while earnings growth rises to 3.7% one week before the Budget.” Daily Mail, October 20, 2026. https://www.dailymail.com/news/article-16222625/Unemployment-rate-dips-earnings-growth-rises-Budget.html?ns_mchannel=rss&ns_campaign=1490&ito=1490.
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The Office for National Statistics (ONS) reported that the UK's unemployment rate for people aged 16 years and older decreased to 4.7% in June to August 2026, down by 0.1 percentage points from both the previous year and quarter. Additionally, average regular earnings growth in the three months ending in August rose to 3.7%, with a real-terms increase of 0.8% after adjusting for inflation. These figures come just over a week before Chancellor John Healey is set to deliver the next Budget on October 28. The positive economic indicators signal potential stability and growth ahead of the upcoming fiscal announcement.