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UK wage growth faster than expected

Wage growth beat market and economist expectations in the three months to April.
Pay rose by 3.4% compared with a year ago. After taking inflation into account, wage growth was 1.4%, official figures show.
The unemployment rate remained at 3.8%, and has not been lower since the October to December 1974 period, the Office for National Statistics said.
The employment rate for women was 72%, the highest on record.
This is after changes to the state pension age leading to fewer women retiring between the ages of 60 and 65.
Matt Hughes, deputy head of labour market statistics at the ONS, said: "With employment growth among women coming from full-timers, the overall gap between men and women in hours worked is now the lowest ever - women now average about three-quarters of men's weekly hours, compared with around two-thirds 25 years ago."
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