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UK jobless rate falls as workers drop out of labour force

Britain’s jobless rate unexpectedly fell in the three months to January, a change that partly reflected people giving up their job hunt as lockdown measures tightened at the start of the year, official figures showed on Tuesday.

The main jobless rate dropped to 5.0 per cent in the three months to January from 5.1 per cent in the final quarter of 2020, in contrast to forecasts in a Reuters poll for a small rise to 5.2 per cent. None of the economists polled had expected a fall.

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