Economics, as it happens.

The detailed record shows how US policymakers assessed inflation, employment and the risks around keeping monetary policy restrictive.

The August release brings together employment, unemployment, vacancies and earnings evidence at a crucial point for household incomes and interest rates.

The updated estimate showed moderate expansion across the currency union while employment continued to edge higher.

The jobless rate remained low by historical standards, while youth unemployment continued to show a much tougher labour market for younger workers.

The UK unemployment rate was 4.9% in March to May 2026, while the employment rate was 75.1%.