UK workforce dropouts reduce unemployment to lowest since 1974

UK inflation rises to highest rate in 40 years

LONDON: Britain’s unemployment rate fell to the lowest since 1974 as more people dropped out of the workforce, fanning upward pressure on wages.

The government said 3.6% of adults were out of work and looking for jobs in the three months through July, lower than the 3.8% pace in the previous months. Economists had expected no change.