Unemployment in the UK was 4.2% in the first quarter

In the first quarter of 2018, unemployment in the UK, calculated according to the methodology of the International Labor Organization, was 4.2%, which is the lowest level since 1975, the Office for National Statistics reported. The level of employment reached the highest level since 1971 and was at the level of 75.6%. The number of seats in the British economy increased by 197 thousand compared to the previous quarter and amounted to 32 million 340 thousand. In annual terms, the increase in the number of employed people was 396 thousand. The average wage has reached its maximum since 2015, having increased by 2.9% in annual terms.

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