UK unemployment rate holds at 43-year low

Britain's unemployment rate remained at 4.0 percent in the three months to August, the lowest point since 1975, official data showed Tuesday.

The jobless rate -- the proportion of the workforce that is unemployed -- stood at the same level in the three months to July, the Office for National Statistics said in a statement. The ONS also revealed a pick-up in the pace of wage growth.

Average earnings including bonuses increased by 2.7 percent in the year to August, from 2.6 percent the previous month.

However, excluding bonuses, earnings grew by 3.1 percent -- the best level for almost a decade. That compared with 2.9 percent in the prior period.