Unemployment in the UK dropped to a minimum level since 1974

The UK recorded the lowest unemployment rate of 3.8% since 1974 in the first quarter. According to the Office for National Statistics, the index fell by 0.2 percentage points from the previous quarter. In the specified period, 1.3 million unemployed were registered in the country, which is 119 thousand less than in the same period of 2018. The level of employment rose to a maximum in the entire history of observations of 76.1%. The British economy increased the number of jobs by 354 thousand in annual terms to 32.7 million. Weekly wages excluding bonuses increased on average by 3.3%. The average wage, which includes bonuses, increased by 3.2%. In April, registered unemployment in the country was at the level of 3%, just as a month earlier. The number of Britons who received unemployment benefits last month increased by 22.6 thousand.

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