UK Unemployment At Lowest Rate For 48 Years

The UK's unemployment rate fell to its lowest level since 1974 in the three months to July, the latest official figures show. <br />The Office for National Statistics says the jobless rate fell to 3.6% over the period however, the squeeze on pay remains, with rises in regular pay failing to keep up with the rising cost of living. <br />Inflation remains at a 40-year high of 10.1%. The latest inflation figure, due out on Wednesday, is forecast to be higher.