Free MCQs for FPSC, NTS, PPSC, PMS, CSS & All Pakistan Exams 2026

What was the UK’s reported unemployment rate in the latest figures published on 20 October 2026?

A. 3.2%
B. 4.0%
C. 4.7%
D. 6.5%

 

Explanation:

UK labour-market figures showed unemployment falling to 4.7%, while average weekly earnings excluding bonuses increased by 3.7% in the three months to August compared with the same period in 2025. However, vacancies fell to 691,000, showing that hiring remained weak.

Key points

– The data came from the UK Office for National Statistics (ONS).

– Average weekly earnings excluding bonuses rose by 3.7% year-on-year.

– Private-sector pay growth reached 3.0%.

– Payrolled employees increased by 13,000 in September.

– Job vacancies fell to 691,000, their lowest level outside the COVID-19 period since 2014.

– The data could influence the Bank of England’s interest-rate decisions.

Related questions and answers

– Q: What does ONS stand for?

A: Office for National Statistics.

– Q: What was the reported UK unemployment rate?

A: 4.7%.

– Q: How many job vacancies were reported?

A: 691,000.

– Q: Which institution sets the UK’s monetary policy?

A: The Bank of England.

– Q: What is the purpose of an interest-rate increase?

A: One purpose is to reduce inflationary pressure by making borrowing more expensive.

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