UK inflation rate drops to 4.9% in May

The unemployment rate in Britain fall to 4.9% in May, almost in line with the previous month's reading of 5.0%, the Office for National Statistics said on Wednesday. Meanwhile, average weekly earnings posted an increase of 2.2% not including bonuses in May, while the indicator rose 2.3% including bonuses. The number of people filing for unemployment aid grew by 400 between May and June, following the April-May upwardly revised reading of 12,200.