UK unemployment down – but so is the average wage

Economists warn of 'paymageddon' as average wages see 'shock' fall for the first time in five years

Unemployment figures nearing six-year low
(Image credit: Matt Cardy/Getty Images)

Unemployment figures are nearing a six-year low, but average wages have also fallen for first time since 2009, according to the Office for National Statistics.

The unemployment rate fell to 6.4 per cent by the end of June, the lowest since late 2008, with the number of people unemployed dropping to 2.08 million.

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