Macro Finance
UK Unemployment Drops Ahead of Healey's Budget
Bloomberg Markets·October 20, 2026·1 min read
UK unemployment fell to 4.7% in the three months through August, giving Chancellor John Healey a boost ahead of his budget next week. The drop from the previous period signals resilience in the labor market despite broader economic headwinds. Bloomberg's Morwenna Coniam reported the figures, which may ease pressure on the government's fiscal plans.
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