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UK unemployment drops to 1.49m

UK unemployment drops to 1.49m

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UK unemployment fell by 64,000 to 1.49 million in the three months to May, official figures show.It meant the unemployment rate fell by 0.2% to its lowest since 1975, at 4.5%, the Office for National Statistics (ONS) added.But wage increases continued to fall further behind inflation.Excluding bonuses, earnings rose by 2.0% year-on-year. However, inflation had hit an almost four-year high of 2.9% in May.When the impact of inflation is factored in, real weekly wages fell by 0.5% compared with a year earlier.Mark Carney: UK wage growth 'anaemic'UK workers 'frustrated by flatlining pay'UK inflation rate at near four-year high'Picture little changed'"Despite the strong jobs picture... there has been another real-terms fall in total earnings, with the growth in weekly wages low and inflation st...