The British unemployment rate was estimated at 3.8 percent in the three months to March 2019, hitting its lowest point since the end of 1974, according to figures released Tuesday by the Office for National Statistics (ONS).
Meanwhile, the employment rate was estimated at 76.1 percent, higher than 75.6 percent recorded last year. The UK economic inactivity rate was estimated at 20.8 percent, lower than 21.1 percent from last year.
Before adjusting for inflation, British average weekly wages including bonuses for employees increased by 3.2 percent year-on-year, slower from the increase of 3.5 percent in the last quarter.
British Employment Minister Alok Sharma applauded the lowest unemployment rate since the 1970s, but called on workers to improve their skills in a bid to “create a modern workforce fit” for new challenges. Enditem