U.K. Unemployment Falls to 4.4%, Wages Top Estimates

The video discusses the UK's second quarter economic data, highlighting a drop in the unemployment rate to 4.4%, which was better than expected. Wage growth also slightly exceeded expectations at 2.1%. The Bank of England's target unemployment rate is 4.5% for stable inflation. Currency volatility is noted, particularly with the pound's movement against the US dollar and euro. Experts Tim Hayward and Michael Bell discuss the implications of wage data, considering the potential impact on the economy amid Brexit uncertainties.

What was the actual UK unemployment rate for the second quarter, and how did it compare to the estimate?

• 4.4%, lower than the estimate

• 4.5%, matching the estimate

• 4.6%, higher than the estimate

• 4.3%, lower than the estimate

How did the actual wage growth figure compare to the expected figure?

• 1.9%, lower than expected

• 2.2%, higher than expected

• 2.0%, matching the expectation

• 2.1%, higher than expected

What unemployment rate does the Bank of England consider consistent with 2% inflation?

• 4.3%

• 4.4%

• 4.6%

• 4.5%

What was the movement of the pound against the euro mentioned in the video?

• It remained stable at 0.91

• It fell to 0.9088

• It rose to 0.914

• It dropped to 0.902

What potential economic impact was discussed in relation to the wage data and political uncertainties?

• A slowdown due to political uncertainty

• A recession due to high inflation

• An economic boom due to wage growth

• Stable growth despite uncertainties